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2 An Alternative Interpretation of the “Resource Curse”: Theory and Policy Implications

2 An Alternative Interpretation of the “Resource Curse”: Theory and Policy Implications »

Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

I. Introduction It is often said that most people when reading about a theory wonder if it works in practice. Economists, when seeing things working in practice, wond...

Austria

Austria »

Source: Austria : Selected Issues

Volume/Issue: 2008/189

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 June 2008

ISBN: 9781451802412

Keywords: fiscal federalism, federalism, subnational governments, tax autonomy, subnational government

Austria's federal system comprises the federal government and nine provinces (Länder). The federal system is rather centralized by international standards, with the federal government (including social security fun...

4 Bolivia

4 Bolivia »

Source: Making Fiscal Decentralization Work : Cross-Country Experiences

Series: Occasional Papers

Author(s): Annalisa Fedelino

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 October 2010

ISBN: 9781589069855

Keywords: Cross country analysis, Fiscal policy, Fiscal reforms, Intergovernmental fiscal relations, decentralization, fiscal decentralization, subnational governments, intergovernmental fiscal, fiscal relations

In Bolivia, the initial drive behind the decentralization process was political. In the late 1980s—after decades of dictatorship and neglect of the poorest regions—a need emerged to...

Bolivia

Bolivia »

Source: Bolivia : Selected Issues

Volume/Issue: 2010/29

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2010

ISBN: 9781451805871

Keywords: revenue sharing, subnational governments, intergovernmental fiscal, fiscal balance, fiscal transfers

This paper derives estimates of optimal levels of reserves for Bolivia, focusing on current account shocks as the key balance of payments risk. Bolivia's foreign reserves are adequate, with an optimal level between...

Can Fiscal Decentralization Strengthen Social Capital?

Can Fiscal Decentralization Strengthen Social Capital? »

Source: Can Fiscal Decentralization Strengthen Social Capital?

Volume/Issue: 2000/129

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2000

ISBN: 9781451855104

Keywords: fiscal federalism, social capital, fiscal decentralization, decentralization, federalism, decentralization indicator

Countries where social and political institutions stimulate interpersonal trust, civic cooperation, and social cohesiveness tend to have more efficient governments, better governance systems, and faster growth. Thi...

The Challenge of Fiscal Decentralization in Transition Countries

The Challenge of Fiscal Decentralization in Transition Countries »

Source: The Challenge of Fiscal Decentralization in Transition Countries

Volume/Issue: 2002/103

Series: IMF Working Papers

Author(s): Era Dabla-Norris , and Paul Wade

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2002

ISBN: 9781451852707

Keywords: fiscal reform, transition, decentralization, subnational governments, intergovernmental fiscal, intergovernmental fiscal relations, Taxation, Subsidies, and Revenue: General, Fiscal Policies and Behavior of Economic Agents: General

This paper examines key aspects of the ongoing decentralization process in transition economies and identifies areas where the present systems can have potentially adverse impacts on both service delivery and macro...

5 China1

5 China1 »

Source: Making Fiscal Decentralization Work : Cross-Country Experiences

Series: Occasional Papers

Author(s): Annalisa Fedelino

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 October 2010

ISBN: 9781589069855

Keywords: Cross country analysis, Fiscal policy, Fiscal reforms, Intergovernmental fiscal relations, decentralization, fiscal decentralization, subnational governments, intergovernmental fiscal, fiscal relations

Fiscal decentralization since the early 1980s has supported economic growth and the process of transition to a market economy in China. However, China’s impressive performance has n...

6 Colombia1

6 Colombia1 »

Source: Making Fiscal Decentralization Work : Cross-Country Experiences

Series: Occasional Papers

Author(s): Annalisa Fedelino

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 October 2010

ISBN: 9781589069855

Keywords: Cross country analysis, Fiscal policy, Fiscal reforms, Intergovernmental fiscal relations, decentralization, fiscal decentralization, subnational governments, intergovernmental fiscal, fiscal relations

Colombia is a unitary country at a relatively advanced stage of decentralization. Colombia’s decentralization process began in the early 1980s and was reinforced by the 1991 constit...

Decentralization and Macroeconomic Management

Decentralization and Macroeconomic Management »

Source: Decentralization and Macroeconomic Management

Volume/Issue: 1997/155

Series: IMF Working Papers

Author(s): Teresa Ter-Minassian

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1997

ISBN: 9781451857276

Keywords: decentralization, fiscal federalism, borrowing controls, federalism, subnational governments, subnational government

The literature on fiscal federalism has amply discussed both the potential efficiency and welfare gains from decentralization and the potential trade-offs between decentralization and income redistribution. By cont...

Decentralizing Spending More Than Revenue

Decentralizing Spending More Than Revenue »

Source: Decentralizing Spending More Than Revenue : Does it Hurt Fiscal Performance?

Volume/Issue: 2011/226

Series: IMF Working Papers

Author(s): Luc Eyraud , and Lusine Lusinyan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2011

ISBN: 9781463904944

Keywords: fiscal federalism, vertical gap, local governments, decentralization, fiscal performance, sub-national governments, vertical fiscal imbalance, fiscal imbalance, Structure, Scope

In many countries the decentralization of spending responsibilities has outpaced the decentralization of revenue powers. Sub-national governments have then to rely on transfers from the center and borrowing to fina...