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- Title
Fiscal decentralization and economic growth: evidence from Brazilian states.
- Authors
HOLANDA FIGUEIREDO ALVES, PEDRO JORGE; MATHEUS ARAUJO, JEVUKS; ACRIS MELO, ANA KAROLINA; MASHOSKI, EDUARDA
- Abstract
This paper investigates the relationship between fiscal decentralization and economic growth in Brazilian states from 1996 to 2015. Using five decentralization measures and the GMM-System model to address the endogeneity problem, we have identified a positive relationship between the indicators of fiscal decentralization and economic growth and observed that the industry and service sectors are the most affected by this decentralization. Our results suggest that local governments with more autonomy make states more efficient, thus increasing economic growth.
- Subjects
BRAZIL; ECONOMIC development; FISCAL policy; LOCAL government; ENDOGENEITY (Econometrics)
- Publication
Public Sector Economics (2459-8860), 2023, Vol 47, Issue 2, p255
- ISSN
2459-8860
- Publication type
Article
- DOI
10.3326/pse.47.2.5