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| Tekijä: | Xie, D. Zou, H. Davoodi, H. |
| Otsikko: | Fiscal decentralisation and economic growth in the United States |
| Lehti: | Journal of Urban Economics
1999 : MAR, VOL. 45:2, p. 228-239 |
| Asiasana: | DECENTRALISATION FISCAL POLICY ECONOMIC GROWTH |
| Kieli: | eng |
| Tiivistelmä: | In a simple model of endogenous growth with spending by different levels of government, the authors demonstrate how fiscal decentralization affects the long-run growth rate of the economy. Applying the model to the US economy, the authors find that the existing spending shares for state and local governments have been consistent with growth maximization. In this sense, further decentralization in public spending may be harmful for growth. |
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