Decentralization and the Challenge of Hard Budget Constraints

Decentralization and the Challenge of Hard Budget Constraints

Since the early 1980s fiscal and political decentralization have spread around the world. But decentralization can encourage dangerous opportunistic behavior by state and local officials. Left unrestricted, such opportunism can undermine macroecono...

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Bibliographic Details
Main Author: Rodden, Jonathan
Format: Brief
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
DECENTRALIZATION IN GOVERNMENT
BUDGETS
SUBNATIONAL GOVERNMENT
FINANCIAL INSTITUTIONS ACCOUNTABILITY
ACCOUNTING
ACCOUNTING PRINCIPLES
ASSETS
AUDITING
AUTHORITY
BANKRUPTCY
BANKRUPTCY LAWS
BANKRUPTCY PROCEDURES
BORROWING
CAPITAL MARKETS
CENTRAL BANKS
CENTRAL GOVERNMENT
CENTRAL GOVERNMENTS
CITIZENS
COALITIONS
CREDIT MARKETS
CREDIT RATINGS
DEBT
DECENTRALIZATION
DEFICITS
DEMOCRACY
EMPLOYMENT
FEDERALISM
FINANCIAL CRISIS
FINANCIAL INSTITUTIONS
FISCAL
FISCAL DECENTRALIZATION
FISCAL DISCIPLINE
FISCAL FEDERALISM
FISCAL PERFORMANCE
FISCAL RESPONSIBILITY
GOVERNMENT CONTROLS
GOVERNMENT PERFORMANCE
HARD BUDGET CONSTRAINTS
INSTITUTIONAL MECHANISMS
INTERGOVERNMENTAL TRANSFERS
LEGISLATION
LEGISLATURE
LOCAL AUTONOMY
LOCAL GOVERNMENT
LOCAL GOVERNMENTS
LOCAL REVENUE
LOCAL SPENDING
LOCAL TAX
MACROECONOMIC STABILITY
MARKET DISCIPLINE
POLITICAL INSTITUTIONS
POLITICIANS
PRESIDENCY
PRIVATIZATION
PUBLIC GOODS
PUBLIC SECTOR
PUBLIC SECTOR EFFICIENCY
SOFT BUDGET CONSTRAINTS
STATE ENTERPRISES
SUBNATIONAL GOVERNMENTS
TAX ADMINISTRATION
TRANSITION ECONOMIES
TRANSPARENCY
Online Access:http://documents.worldbank.org/curated/en/2000/07/828347/decentralization-challenge-hard-budget-constraints
http://hdl.handle.net/10986/11426

Internet

http://documents.worldbank.org/curated/en/2000/07/828347/decentralization-challenge-hard-budget-constraints
http://hdl.handle.net/10986/11426

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