Generating inclusive and sustainable growth: the role of policy and multilevel fiscal institutions

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cepal.bibLevelDocumento Completo
cepal.callNumberLC/L.3718
cepal.divisionEngEconomic Development Division
cepal.divisionSpaDivisión de Desarrollo Económico
cepal.docTypeSeries
cepal.idSade51617
cepal.jobNumberS2013604 E
cepal.physicalDescriptiongráficos, tablas
cepal.projectProyecto Servicios Públicos y Descentralización Fiscal (GER/12/005)
cepal.regionalOfficeSantiago
cepal.topicEngFISCAL AFFAIRS
cepal.topicEngSUSTAINABLE DEVELOPMENT
cepal.topicSpaASUNTOS FISCALES
cepal.topicSpaDESARROLLO SOSTENIBLE
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaEngSUSTAINABLE DEVELOPMENT AND HUMAN SETTLEMENTS
cepal.workareaSpaDESARROLLO ECONÓMICO
cepal.workareaSpaDESARROLLO SOSTENIBLE Y ASENTAMIENTOS HUMANOS
dc.contributor.authorAhmad, Ehtisham
dc.contributor.institutionGerman Society for International Cooperation
dc.coverage.spatialEngLATIN AMERICA
dc.coverage.spatialSpaAMERICA LATINA
dc.date.accessioned2014-01-02T16:11:48Z
dc.date.available2014-01-02T16:11:48Z
dc.date.issued2013-10
dc.descriptionIncluye bibliografía
dc.description.abstractSustainable growth strategies depend critically on the role of the state in different societies, and the incentive structures associated with alternative institutional arrangements. In particular, in multi-level countries, incentive structure matter even more, as elements of "game play" between different levels of government becomes possible. Under these circumstances, organizational structures borrowed from advanced countries may not function as expected and could generate deleterious incentives. This paper focuses on the institutions and governance issues as preconditions for sustainable growth. The paper argues that the key to growth-compatible institutions is information. This is clear on the spending side, to ensures that funds are used efficiently for the purposes intended. A requirement is for budgeting and reporting standards that are common across jurisdictions at the same level and between levels of government, together with appropiate tracking of cash. On the revenue side, effective subnational control over a revenue base and an arms length administration are critical for accountability. This can be achieved with rate setting authority at lower levels, together with components of administration at higher levels. Of course, an appropriately designed tax policy agenda does much to foster appropriate structural reforms that generate growth. Such would be the case with say a carbon tax, with appropriate responsibilities at different levels of government —although many of the associated issues are beyond the scope of the current paper. Finally, while both policies and institutions need to be synchronized, the political economy of reforms requires a careful analysis of gainers and losers, and appropriate measures for inclusion, especially for the poor. While the paper focuses on examples from Latin America, there is much to be learnt from the successful experiences of emerging countries from other parts of the world, especially China.
dc.description.tableOfContentsI.Introduction .-- II. Sustainable growth: an enabling policy framework .-- III. Spending and accountability .-- IV. Subnational revenue assignments, management and accountability .-- V. Expenditure management and accountability .-- VI. Incentive structures and design and management of transfer systems.
dc.formatTexto
dc.format.extent35 páginas.
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/L.3718
dc.identifier.urihttps://hdl.handle.net/11362/5374
dc.language.isoeng
dc.physicalDescription35 p.: grafs., tabls.
dc.publisherCEPAL
dc.publisher.placeSantiago
dc.relation.isPartOfSeriesSerie Macroeconomía del Desarrollo
dc.relation.isPartOfSeriesNo139
dc.subject.unbisEngFISCAL POLICY
dc.subject.unbisEngPUBLIC EXPENDITURES
dc.subject.unbisEngPUBLIC FINANCE
dc.subject.unbisEngECONOMIC GROWTH
dc.subject.unbisSpaCRECIMIENTO ECONOMICO
dc.subject.unbisSpaPOLITICA FISCAL
dc.subject.unbisSpaHACIENDA PUBLICA
dc.subject.unbisSpaGASTOS PUBLICOS
dc.titleGenerating inclusive and sustainable growth: the role of policy and multilevel fiscal institutions
dc.type.coarlibro
dspace.entity.typePublication
relation.isAuthorOfPublicationa50a00f3-78b0-4af4-92ed-130b1cf29702
relation.isAuthorOfPublication.latestForDiscoverya50a00f3-78b0-4af4-92ed-130b1cf29702
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