International Journal of Information Engineering and Electronic Business (IJIEEB)
IJIEEB Vol. 3, No. 3, 8 Jun. 2011
Cover page and Table of Contents: PDF (size: 176KB)
Intergovernmental Allocation of Public Resources, Fiscal Decentralization and Economic Growth
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Author(s)
Tianzhu. Cheng
1
Lai Yue
1,*
Index Terms
Government expenditures, transfer payments, revenue autonomy, fiscal decentralization, economic growth
Abstract
Incorporating a two-level government structure into an endogenous growth model, we discussed the growth impacts of different intergovernmental allocation of public resources, i.e. intergovernmental transfer payments and the power of revenue autonomy of the lower-level government, along with fiscal decentralization. we showed that (1) there was an “Inverted U-shaped” relationship between fiscal decentralization and economic growth; (2) Different intergovernmental allocation of public resources does not affect the “Inverted U-shape” relationship between fiscal decentralization and economic growth.
Cite This Paper
Yue Lai, Tianzhu Cheng, "Intergovernmental Allocation of Public Resources, Fiscal Decentralization and Economic Growth", International Journal of Information Engineering and Electronic Business(IJIEEB), vol.3, no.3, pp.8-15, 2011. DOI:10.5815/ijieeb.2011.03.02
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