Ponencia
Does fiscal decentralization mitigate the adverse effects of corruption on public deficits?
Autor/es | Oto Peralías, Daniel
Romero Ávila, Diego Usabiaga Ibáñez, Carlos |
Fecha de publicación | 2013 |
Fecha de depósito | 2015-11-03 |
Publicado en |
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ISBN/ISSN | 978-84-695-6945-0 |
Resumen | The current economic crisis has led several rich countries to experience severe fiscal deficits. Among other factors responsible for the situation, corruption is considered harmful to public finances and appears closely ... The current economic crisis has led several rich countries to experience severe fiscal deficits. Among other factors responsible for the situation, corruption is considered harmful to public finances and appears closely related to fiscal deficits. This paper opens a new avenue in addressing the effects of corruption on public deficits through fiscal decentralization. Focusing on a sample of 31 OECD countries over the period 1986-2010, we find that fiscal decentralization contributes to mitigating the perverse effects of corruption in public deficits. In addition, our findings indicate heterogeneity in the effect of fiscal decentralization, since it appears related to lower deficits in countries with higher levels of corruption, but not in less corrupt countries. Therefore, the results suggest that bringing the government closer to the people in relatively corrupt countries may lead to a more responsible fiscal management. |
Identificador del proyecto | ECO2009-13357
ECO2012-35430 SEJ-4546 |
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