Fiscal Decentralisation and Public Investment: The Experience of Latin America
Despite large differences across countries, Latin America's average investment-to-GDP ratio and the overall quality of infrastructure in the region are relatively low by international comparison. Empirical evidence on the effects of fiscal decentralisation on investment based on a panel of Lati...
Gespeichert in:
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2010
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| Schriftenreihe: | OECD Economics Department Working Papers
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| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Despite large differences across countries, Latin America's average investment-to-GDP ratio and the overall quality of infrastructure in the region are relatively low by international comparison. Empirical evidence on the effects of fiscal decentralisation on investment based on a panel of Latin American countries since the late 1990 suggests that fiscal decentralisation discourages Latin American subnational governments from investing (acquiring fixed assets) and that lower subnational spending on investment is associated with lower economy-wide gross fixed capital formation. Latin American countries will therefore need to face a double challenge of revisiting the current arrangements for decentralised provision that discourage subnational governments from investing, while making the most of decentralisation as a policy lever to raise private investment |
| Beschreibung: | 1 Online-Ressource (27 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/5km347r2hhbp-en |
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| 520 | |a Despite large differences across countries, Latin America's average investment-to-GDP ratio and the overall quality of infrastructure in the region are relatively low by international comparison. Empirical evidence on the effects of fiscal decentralisation on investment based on a panel of Latin American countries since the late 1990 suggests that fiscal decentralisation discourages Latin American subnational governments from investing (acquiring fixed assets) and that lower subnational spending on investment is associated with lower economy-wide gross fixed capital formation. Latin American countries will therefore need to face a double challenge of revisiting the current arrangements for decentralised provision that discourage subnational governments from investing, while making the most of decentralisation as a policy lever to raise private investment | ||
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| spelling | de Mello, Luiz Verfasser aut Fiscal Decentralisation and Public Investment The Experience of Latin America Luiz de Mello = Décentralisation budgétaire et investissement public : L'expérience de l'Amérique latine / Luiz de Mello Décentralisation budgétaire et investissement public Paris OECD Publishing 2010 1 Online-Ressource (27 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Economics Department Working Papers Despite large differences across countries, Latin America's average investment-to-GDP ratio and the overall quality of infrastructure in the region are relatively low by international comparison. Empirical evidence on the effects of fiscal decentralisation on investment based on a panel of Latin American countries since the late 1990 suggests that fiscal decentralisation discourages Latin American subnational governments from investing (acquiring fixed assets) and that lower subnational spending on investment is associated with lower economy-wide gross fixed capital formation. Latin American countries will therefore need to face a double challenge of revisiting the current arrangements for decentralised provision that discourage subnational governments from investing, while making the most of decentralisation as a policy lever to raise private investment Economics https://doi.org/10.1787/5km347r2hhbp-en Verlag kostenfrei Volltext |
| spellingShingle | de Mello, Luiz Fiscal Decentralisation and Public Investment The Experience of Latin America Economics |
| title | Fiscal Decentralisation and Public Investment The Experience of Latin America |
| title_alt | Décentralisation budgétaire et investissement public |
| title_auth | Fiscal Decentralisation and Public Investment The Experience of Latin America |
| title_exact_search | Fiscal Decentralisation and Public Investment The Experience of Latin America |
| title_exact_search_txtP | Fiscal Decentralisation and Public Investment The Experience of Latin America |
| title_full | Fiscal Decentralisation and Public Investment The Experience of Latin America Luiz de Mello = Décentralisation budgétaire et investissement public : L'expérience de l'Amérique latine / Luiz de Mello |
| title_fullStr | Fiscal Decentralisation and Public Investment The Experience of Latin America Luiz de Mello = Décentralisation budgétaire et investissement public : L'expérience de l'Amérique latine / Luiz de Mello |
| title_full_unstemmed | Fiscal Decentralisation and Public Investment The Experience of Latin America Luiz de Mello = Décentralisation budgétaire et investissement public : L'expérience de l'Amérique latine / Luiz de Mello |
| title_short | Fiscal Decentralisation and Public Investment |
| title_sort | fiscal decentralisation and public investment the experience of latin america |
| title_sub | The Experience of Latin America |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/5km347r2hhbp-en |
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