Fiscal decentralization and income convergence: evidence from Vietnam

IF 1.4 4区经济学 Q3 ECONOMICS

Journal of the Asia Pacific Economy Pub Date : 2022-08-25 DOI:10.1080/13547860.2022.2108211

Le Thi Thu Diem, N. Hart

引用次数: 1

Abstract

The question of regional per-capita income convergence has been widely investigated theoretically and empirically. This study reviews the relevant literature and considers the possible significance of fiscal decentralisation in the convergence process. Alternative indicators of fiscal decentralization are examined within a SDM model which also takes into account possible spatial interdependencies between neighbouring regions. The model- ling suggests that fiscal decentralization does appear to play a significant role in the convergence process in Vietnam. Income inequality remains a challenging issue for policymakers to resolve, and if regional disparities can be reduced in part through fiscal decentralization, this is a significant finding for policy formulation.

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财政分权与收入趋同:来自越南的证据

区域人均收入趋同问题在理论和实证上都得到了广泛的研究。本研究回顾了相关文献，并考虑了财政分权在趋同过程中的可能意义。在SDM模型中考察了财政分权的替代指标，该模型还考虑了邻近地区之间可能的空间相互依赖性。该模型表明，财政分权在越南的趋同过程中确实发挥了重要作用。收入不平等仍然是政策制定者解决的一个具有挑战性的问题，如果地区差距可以通过财政分权部分减少，这是政策制定的一个重要发现。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of the Asia Pacific Economy ECONOMICS-

CiteScore

3.70

自引率

7.10%

发文量

期刊介绍： Journal of the Asia Pacific Economy (JAPE) is concerned primarily with the developing economies within Pacific Asia and South Asia. It aims to promote greater understanding of the complex factors that have influenced and continue to shape the transformation of the diverse economies in this region. Studies on developed countries will be considered only if they have implications for the developing countries in the region. The journal''s editorial policy is to maintain a sound balance between theoretical and empirical studies. JAPE publishes research papers in economics but also welcomes papers that deal with economic issues using a multi-disciplinary approach. Submissions may range from overviews spanning the region or parts of it, to papers with a detailed focus on particular issues facing individual countries. JAPE has a broad readership, which makes papers concerned with narrow and detailed technical matters inappropriate for inclusion. In addition, papers should not be simply one more application of a formal model or statistical technique used elsewhere. Authors should note that discussion of results must make sense intuitively, and relate to the institutional and historical context of the geographic area analyzed. We particularly ask authors to spell out the practical policy implications of their findings for governments and business. In addition to articles, JAPE publishes short notes, comments and book reviews. From time to time, it also publishes special issues on matters of great importance to economies in the Asia Pacific area.