The economic effects of federalism and decentralization—a cross-country assessment
@article{Voigt2009TheEE,
title={The economic effects of federalism and decentralization—a cross-country assessment},
author={S. Voigt and L. Blume},
journal={Public Choice},
year={2009},
volume={151},
pages={229-254}
}This paper explores the idea that institutional details matter and that attempts to estimate the economic effects of federalism by employing a simple dummy variable neglect potentially important institutional details. Based on a principal component analysis, seven aspects of both federalism and decentralization are used as variables for explaining differences in (1) fiscal policy, (2) government effectiveness, (3) economic productivity, and (4) happiness. The results show that institutional… Expand
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