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Moderating effects of corruption and informality on the fiscal decentralization—economic growth nexus: Insights from OECD countries
Annals of Public and Cooperative Economics ( IF 1.679 ) Pub Date : 2020-10-31 , DOI: 10.1111/apce.12298
Cong Minh Huynh 1 , Hoai Nam Tran 2
Affiliation  

The impact of fiscal decentralization on economic growth has been controversial in the literature, especially when this impact depends on the forms of fiscal decentralization and other moderating factors. This article investigates how expenditure decentralization and tax revenue decentralization affect economic growth, and how these impacts depend on corruption and informality in 23 OECD countries over the period 2002–16. By using estimators of fixed effect (FE), random effect (RE) and the system generalized method of moments (SGMM) for panel data; we find that economic growth is positively affected by both expenditure decentralization and tax revenue decentralization. Furthermore, corruption reduces not only economic growth but also the beneficial impact of expenditure decentralization on economic growth. Likewise, the presence of informality negatively affects not only economic growth but also the advantageous impact of tax revenue decentralization on economic growth. Results imply that unless governments control corruption and informality, the effectiveness of fiscal decentralization will not be attained as expected.

中文翻译:

腐败和非正式行为对财政分权的缓和影响-经济增长联系:经合组织国家的见解

财政分权对经济增长的影响在文献中一直存在争议,尤其是当这种影响取决于财政分权的形式和其他缓和因素时。本文调查了2002-16年间OECD 23个国家的支出分权和税收分权如何影响经济增长,以及这些影响如何取决于腐败和非正规性。通过使用固定效应(FE),随机效应(RE)的估计量和面板数据的系统广义矩方法(SGMM);我们发现,支出分散和税收分散都对经济增长产生了积极影响。此外,腐败不仅降低了经济增长,而且降低了支出分权对经济增长的有益影响。同样地,非正式性的存在不仅对经济增长产生负面影响,而且还对税收分权对经济增长产生有利影响。结果表明,除非政府控制腐败和非正式行为,否则将无法实现财政分权的预期效果。
更新日期:2020-10-31
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