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dc.contributor.authorArcalean, C.-
dc.contributor.authorGlomm, Gerhard-
dc.contributor.authorSchiopu, Ioana-
dc.contributor.authorSuedekum, Jens-
dc.date.accessioned2012-02-13T10:49:45Z-
dc.date.available2012-02-13T10:49:45Z-
dc.date.issued2010-07-16-
dc.identifier.citationCanadian Journal of Economics/Revue canadienne d'économique 43(3): 832–859 (2010)es_ES
dc.identifier.issn0008-4085-
dc.identifier.urihttp://hdl.handle.net/10261/45463-
dc.descriptionEl pdf del artículo es el documento de trabajo.es_ES
dc.description.abstractWe study the optimal degree of fiscal decentralization in a dynamic federal economy where governments decide on budget size and its allocation between public education and infrastructure spending. We find that full centralization of tax and expenditure policies is optimal when infrastructure productivity is similar across regions. When differences are not too large, partial centralization is optimal. With strong differences, full decentralization becomes optimal. National steady-state output tends to be highest under full decentralization. We provide a justification for the mixed evidence regarding the Oates conjecture by showing that full dominates partial decentralization, despite being inferior to complete decentralization.es_ES
dc.language.isoenges_ES
dc.publisherWiley-Blackwelles_ES
dc.rightsopenAccesses_ES
dc.subjectFiscal federalismes_ES
dc.subjectDecentralizationes_ES
dc.subjectCapital accumulationes_ES
dc.subjectInfrastructurees_ES
dc.titlePublic budget composition, fiscal (de)centralization, and welfarees_ES
dc.typeartículoes_ES
dc.identifier.doi10.1111/j.1540-5982.2010.01597.x-
dc.relation.publisherversionhttp://dx.doi.org/10.1111/j.1540-5982.2010.01597.xes_ES
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