Does fiscal decentralization foster regional investment in productive infrastructure?

被引：41
|
作者：
Kappeler, Andreas [1 ]
Sole-Olle, Albert [2 ,3 ]
Stephan, Andreas [4 ,5 ]
Vaeliae, Timo [6 ]
机构：
[1] OECD, F-75775 Paris 16, France
[2] Univ Barcelona, E-08007 Barcelona, Spain
[3] Inst Econ Barcelona, Barcelona, Spain
[4] Jonkoping Univ, Jonkoping Int Business Sch, Jonkoping, Sweden
[5] Ratio Inst Stockholm, Stockholm, Sweden
[6] European Investment Bank, Luxembourg, Luxembourg
来源：
EUROPEAN JOURNAL OF POLITICAL ECONOMY | 2013年 / 31卷
关键词：
Regional investment; Fiscal federalism; Dynamic panel data; PANEL-DATA MODELS; PUBLIC-INVESTMENT; FEDERALISM; SPAIN; COMPETITION; GOVERNMENT; BIAS; ADJUSTMENT; GROWTH; EUROPE;
D O I：
10.1016/j.ejpoleco.2013.03.003
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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. (c) 2013 Elsevier B.V. All rights reserved.
引用
收藏
页码：15 / 25
页数：11
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