Arbeitspapier
Does fiscal decentralisation foster regional investment in productive infrastructure?
The aim of this paper is to analyze the effect of revenue decentralization on the provision of infrastructure at the sub-national level. We estimate the effects of revenue decentralization and earmarked grant financing on the level of sub-national infrastructure investment in 20 European countries over the period 1990-2009. The results are interpreted in light of the predictions of the theory on fiscal federalism. We find that it is sub-national infrastructure investment that increases after revenue decentralization and not investment in redistribution. However, the effect of revenue decentralization is lower the higher the use of earmarked grants to fund infrastructure investment.
- Sprache
-
Englisch
- Erschienen in
-
Series: DIW Discussion Papers ; No. 1204
- Klassifikation
-
Wirtschaft
National Government Expenditures and Related Policies: Infrastructures; Other Public Investment and Capital Stock
Intergovernmental Relations; Federalism; Secession
State and Local Government: Other Expenditure Categories
Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models
- Thema
-
regional investment
fiscal federalism
dynamic panel data
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Kappeler, Andreas
Solé-Ollé, Albert
Stephan, Andreas
Välilä, Timo
- Ereignis
-
Veröffentlichung
- (wer)
-
Deutsches Institut für Wirtschaftsforschung (DIW)
- (wo)
-
Berlin
- (wann)
-
2012
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Kappeler, Andreas
- Solé-Ollé, Albert
- Stephan, Andreas
- Välilä, Timo
- Deutsches Institut für Wirtschaftsforschung (DIW)
Entstanden
- 2012
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