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Fiscal Decentralization in Asia Challenges and Opportunities This publication discusses the decentralization issues faced by countries of Asia and the Pacific. It includes practical suggestions on how to proceed in this area to achieve economic growth, macroeconomic stability, poverty and income distribution, services delivery improvements, and political… (More)
This paper extends the neoclassical model of economic growth to empirically investigate the impact of corruption on economic growth by examining the effect that corruption has on investment in human, private, and public capital and democratic governance. The impact of corruption on the level of private and public investment appears to be more ambiguous and,… (More)
ACKNOWLEDGMENTS The authors would like to thank Larry Gess for his helpful comments and suggestions, as well as Bill Alred and Chris Geller for making available financial and test score data for school districts in Georgia.