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- Title
Fiscal Autonomy and Economic Growth Nexus: Empirical Evidence from Pakistan.
- Authors
Hanif, Imran; Sharif Chaudhry, Imran; Wallace, Sally
- Abstract
The study investigates the impact of fiscal decentralization on economic growth in Pakistan using time series data for the period from 1972 to 2010. The empirical results show that fiscal decentralization (revenue and expenditures) is an effective tool to foster the economic growth in Pakistan. The increase in the subnational share of total government expenditures may generate more projects geared toward development and improve the overall level of development in Pakistan. It was found that and increase in the subnational revenue share in total government revenue also has a positive relationship with economic growth. In Pakistan, fiscal decentralization has significant and positive influence on economic growth but being a developing economy the numbers of constraints which can curb the effectiveness of fiscal decentralization are greater than developed economies.
- Subjects
PAKISTAN; TIME series analysis; GOVERNMENT revenue; PUBLIC spending; EMPIRICAL research; ECONOMIC history
- Publication
Pakistan Journal of Social Sciences (PJSS), 2014, Vol 34, Issue 2, p767
- ISSN
2074-2061
- Publication type
Article