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Fiscal Decentralization and Economic Growth: A Test for Granger Causality

권일웅
서울대학교행정대학원 (gspa(graduate school of public administration seoul national university))|2011.12|Journal of Policy Studies|제26권 제3호|pp. 161-177

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참고문헌

키워드

economic growthGranger causality경제성장Granger 인과관계fiscal decentralization재정 분권화
주제분류정책학

초록

This paper tests the existence and the direction of causality between fiscal decentralization and economic growth. The previous literature has implicitly assumed that decentralization causes economic growth, and has largely ignored the possibility that economic growth can cause fiscal decentralization as well. This paper applies the Granger-causality test to panel data from 21 countries between 1975 and 1995, and finds that fiscal decentralization does not cause economic growth, but that economic growth causes fiscal decentralization.

Abstract

This paper tests the existence and the direction of causality between fiscal decentralization and economic growth. The previous literature has implicitly assumed that decentralization causes economic growth, and has largely ignored the possibility that economic growth can cause fiscal decentralization as well. This paper applies the Granger-causality test to panel data from 21 countries between 1975 and 1995, and finds that fiscal decentralization does not cause economic growth, but that economic growth causes fiscal decentralization.

참고문헌 (26)

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