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Full-Text Articles in Social and Behavioral Sciences
Fiscal Decentralization And Governance, John Thornton
Fiscal Decentralization And Governance, John Thornton
John Thornton
The literature on the economics of fiscal decentralization stresses the potential for both positive and negative effects on governance in a country. Using a data set comprising sixty-four developed and developing economies and several different measures of fiscal decentralization, the authors find that countries in which a larger share of fiscal revenues and expenditures are located at the level of subnational governments appear to be less corrupt. The authors also find that the beneficial impact of fiscal decentralization on corruption is mitigated in the presence of mechanisms enforcing vertical administrative decentralization. The results indicate that fiscal decentraliza- tion appears to …
Knowledge Spillovers And The Growth Of British Cities, John Thornton, Yener Altunbas
Knowledge Spillovers And The Growth Of British Cities, John Thornton, Yener Altunbas
John Thornton
The relative importance of intra-industry or inter-industry knowledge spillovers for the growth of cities remains an open question. Using a unique data set on the growth of 109 British cities during 1951–1991, we find evidence suggesting that the most important knowledge spillovers occur between rather than within industries, which is consistent with Jacobs (1969, 1985).