2026-06-27T11:09:05Zhttps://docta.ucm.es/rest/oai/request
oai:docta.ucm.es:20.500.14352/85172024-01-08T09:54:24Zcom_20.500.14352_14col_20.500.14352_15
Docta Complutense author Hanif, Imran author Wallace, Sally author Gago De Santos, Pilar 2023-06-17T09:16:29Z 2023-06-17T09:16:29Z 2020 2158-2440 10.1177/2158244020968088 https://hdl.handle.net/20.500.14352/8517 The impact of fiscal federalism on economic performance has largely been studied in the developed world since the seminal work of Oates. In this article, we focus on a particular set of developing countries considered to be federal (Forum of Federations), to examine how fiscal decentralization has impacted their economic growth. In this context, we study the impact of tax revenue and expenditure decentralization on economic growth in developing federations. For this purpose, a panel data of 15 developing federations from 2000 to 2015 are analyzed by using a two-step system Generalized Method of Moments (GMM) estimation method. The results show that in federal developing countries, both tax revenue and expenditure decentralization have a significant, positive impact on economic growth. What is more, our findings show that the impact of fiscal decentralization on economic growth depends upon the level of perceived corruption and on the quality of the country’s institutions. Thus, empirical evidence depicts that the positive effect of fiscal decentralization on economic growth is tempered if the country is plagued with corruption, if it has weak institutions, and/or if it suffers from political instability. By contrast, a relatively corruption-free country featuring healthy institutions and a stable political environment could take fuller advantage of the effects of fiscal decentralization to improve economic growth. eng Atribución 3.0 España Economic Growth by Means of Fiscal Decentralization: An Empirical Study for Federal Developing Countries journal article URL https://docta.ucm.es/bitstreams/f93372cb-e66c-40a5-b7ff-0eb7eef83620/download File MD5 4d7f79e8c31e936d8881677070a6e85a 175140 application/pdf Pilar Gago de Santos-Economic Growth (OA).pdf URL https://docta.ucm.es/bitstreams/8078cbaa-a268-4272-855c-c83a7347c12c/download File MD5 41cb71249896fdbfefaf3ff525563789 57796 text/plain Pilar Gago de Santos-Economic Growth (OA).pdf.txt