Fiscal Decentralization: A Political Economy Perspective
Fiscal Decentralization: A Political Economy Perspective
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财政分权:政治经济学视角
DOI:
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发表时间:
2005
期刊:
影响因子:
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通讯作者:
Ben Lockwood
中科院分区:
文献类型:
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作者:
Ben Lockwood
This paper surveys recent contributions to the study of fiscal decentralization which adopt a political economy approach. It is argued that this approach can capture, in a variety of formal models, the plausible and influential ideas (increasingly, supported by empirical evidence) that fiscal decentralization can lead to improved preference-matching and accountability of government. In particular, recent work on centralized provision of public good provision via bargaining in a legislature shows how centralization reduces preference-matching, and recent work using "electoral agency" models formalizes the accountability argument. These models also provide insights into when decentralization may fail to deliver these benefits.