超越中心：追溯权力下放对时变财政可持续性的影响

IF 4.8 2区经济学 Q1 BUSINESS, FINANCE

International Review of Economics & Finance Pub Date : 2024-09-26 DOI:10.1016/j.iref.2024.103662

António Afonso , José Alves , João Tovar Jalles , Sofia Monteiro

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引用次数: 0

摘要

本文探讨了财政权力下放与财政可持续性之间的微妙关系。本文利用面板数据分析，仔细研究了权力下放如何影响不同政府层级的财政纪律。185 个国家的研究结果表明，虽然税收权力下放往往会阻碍财政响应程度，这可能是由于地方和国家目标不一致以及规模效率的损失，但支出权力下放可以通过促进有效的资源分配来提高财政成果。这些发现是在广泛的经济和政治环境下得出的，强调了权力下放的影响取决于地方能力和总体治理框架。因此，我们有助于理解分权制度中财政政策的复杂性，并为不同行政背景下的财政可持续性提供重要的政策启示。

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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Beyond the centre: Tracing Decentralization's influence on time-varying fiscal sustainability

This paper explores the nuanced relationship between fiscal decentralization and fiscal sustainability. Employing panel data analyses, it scrutinizes how decentralization influences fiscal discipline across different governmental levels. Results for 185 countries show that while tax decentralization often hampers the degree of fiscal responsiveness, potentially due to misaligned local and national objectives and loss of scale efficiency, spending decentralization can enhance fiscal outcomes by promoting efficient resource allocation. These findings are contextualized within a broad range of economic and political environments, highlighting that the impacts of decentralization are contingent upon local capacities and overarching governance frameworks. Hence, we contribute to the understanding of fiscal policies’ complexity in decentralized systems and offer significant policy insights for fiscal sustainability in varied administrative contexts.

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来源期刊

International Review of Economics & Finance Multiple-

CiteScore

7.30

自引率

2.20%

发文量

253

期刊介绍： The International Review of Economics & Finance (IREF) is a scholarly journal devoted to the publication of high quality theoretical and empirical articles in all areas of international economics, macroeconomics and financial economics. Contributions that facilitate the communications between the real and the financial sectors of the economy are of particular interest.