How Close Is Your Government to Its People? Worldwide Indicators on Localization and Decentralization

Ivanyna, Maksym; Shah, Anwar

doi:10.5018/economics-ejournal.ja.2014-3

Cited by 76 publications

(59 citation statements)

References 7 publications

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“…The same idea is appropriate for the transparency and dependency of LGs on transfers from other government institutions; this is a situation common to many LGs in non-mature municipal bond markets, especially several countries of Africa and Asia, a few areas of Central and Southern America and the Pacific Ocean region, and some former Soviet Union countries [80].…”

Section: Discussionmentioning

confidence: 99%

Municipal Bond Debt and Sustainability in a Non-Mature Financial Market: The Case of Italy

2018

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Local government (LG) debt increased worldwide during the past decade. Yet, LGs need increased access to financing so they can maintain and expand their community’s infrastructure. Expanding an LG’s bond-related debt (while continuing to meet ongoing debt-service obligations) is essential to its sustainability. An LG must both contain its credit risk and make its risk profile available to potential investors. Credit risk determinants in mature bond markets (e.g., the U.S.) have received considerable attention while those in non-mature markets have not. This paper contributes to the sustainable development literature by (a) identifying the risk-premium drivers in non-mature markets (using the bond market for Italian LGs as an example); and (b) providing LG policymakers with guidance on formulating policies to reduce their debt cost (either directly, by targeting its determinants, or indirectly, by improving the bond market’s functioning). LGs with comparatively high financial dependency on other governments, high criminal activity, and low operating revenues incurred higher bond-related costs than LGs without these characteristics. These LGs can improve their sustainability by (a) providing transparent and understandable financial information to potential investors; (b) reducing criminal activity; and, (c) increasing the frequency of external auditing.

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Section: Discussionmentioning

confidence: 99%

Municipal Bond Debt and Sustainability in a Non-Mature Financial Market: The Case of Italy

2018

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“…Given the lack of information on effective fiscal autonomy and the incompleteness of the data, a number of authors have made considerable efforts over the years to put together and make available data sets to improve on the information available from the traditional sources of IMF/GFS and OECD. Among others, Ivanyna and Shah () developed wide raging data sets for a variety of decentralization dimensions including also political and administrative variables but only cross‐section or for few years. Others like Stegarescu () and Baskaran and Feld () have concentrated in collecting time series data on actual tax autonomy building on the information available for OECD countries.…”

Section: Issues To Worry About: Measuring Decentralization and Addresmentioning

confidence: 99%

The Impact of Fiscal Decentralization: A Survey

Martínez-Vázquez

Peñas

Sacchi

2016

Journal of Economic Surveys

247

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In this paper, we offer a comprehensive and updated review of the impact of fiscal decentralization on the economy, society and politics. Our first target is the examination of two crucial and yet unsolved issues in the empirical literature on decentralization: the proper measurement of decentralization itself and its potential endogeneity in econometric estimates. Then, we discuss the main existing findings on the effects of decentralization on a relevant list of socio-economic issues. The impact of fiscal decentralization reforms on political institutions and public policies is also considered. Complete answers on the impact of fiscal decentralization are not likely to be certain but, overall, there are reasons to be optimistic about the net positive result. Our survey by necessity has to be selective but it presents a balanced view of what is known and what is not yet known opening room for further research and practice on fiscal decentralization.

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“…The dataset, along with a source list, is available upon request. Note that another comprehensive dataset of sub-national indicators has recently been produced by Ivanyna and Shah (2012), but their focus is not on the specific political institutions that we code. expand these datasets by capturing not just the power of national party leaders to nominate candidates for the national legislature, but also whether these national party leaders can nominate candidates to regional and local assemblies.…”

Section: Empirical Analysismentioning

confidence: 99%

Rethinking the Political Economy of Decentralization: How Elections and Parties Shape the Provision of Local Public Goods

Rodríguez

Hankla

Martínez-Vázquez

et al. 2018

Publius: The Journal of Federalism

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The Andrew Young School of Policy Studies was established at Georgia State University with the objective of promoting excellence in the design, implementation, and evaluation of public policy. In addition to two academic departments (economics and public administration), the Andrew Young School houses seven leading research centers and policy programs, including the International Center for Public Policy. The mission of the International Center for Public Policy is to provide academic and professional training, applied research, and technical assistance in support of sound public policy and sustainable economic growth in developing and transitional economies. The International Center for Public Policy at the Andrew Young School of Policy Studies is recognized worldwide for its efforts in support of economic and public policy reforms through technical assistance and training around the world. This reputation has been built serving a diverse client base, including the World Bank, the U.S. Agency for International Development (USAID), the United Nations Development Programme (UNDP), finance ministries, government organizations, legislative bodies and private sector institutions. The success of the International Center for Public Policy reflects the breadth and depth of the in-house technical expertise that the International Center for Public Policy can draw upon. The Andrew Young School's faculty are leading experts in economics and public policy and have authored books, published in major academic and technical journals, and have extensive experience in designing and implementing technical assistance and training programs. Andrew Young School faculty have been active in policy reform in over 40 countries around the world. Our technical assistance strategy is not to merely provide technical prescriptions for policy reform, but to engage in a collaborative effort with the host government and donor agency to identify and analyze the issues at hand, arrive at policy solutions and implement reforms. The International Center for Public Policy specializes in four broad policy areas:  Fiscal policy, including tax reforms, public expenditure reviews, tax administration reform  Fiscal decentralization, including fiscal decentralization reforms, design of intergovernmental transfer systems, urban government finance  Budgeting and fiscal management, including local government budgeting, performancebased budgeting, capital budgeting, multi-year budgeting  Economic analysis and revenue forecasting, including micro-simulation, time series forecasting, For more information about our technical assistance activities and training programs, please visit our website at

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How Close Is Your Government to Its People? Worldwide Indicators on Localization and Decentralization

Cited by 76 publications

References 7 publications

Municipal Bond Debt and Sustainability in a Non-Mature Financial Market: The Case of Italy

Municipal Bond Debt and Sustainability in a Non-Mature Financial Market: The Case of Italy

The Impact of Fiscal Decentralization: A Survey

Rethinking the Political Economy of Decentralization: How Elections and Parties Shape the Provision of Local Public Goods

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