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dc.contributor.authorAhmad, Ehtisham
dc.date.accessioned2014-01-02T16:11:48Z
dc.date.available2014-01-02T16:11:48Z
dc.date.issued2013-10
dc.identifier.urihttps://hdl.handle.net/11362/5374
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.format.extent35 páginas.
dc.language.isoen
dc.publisherCEPAL
dc.relation.ispartofseriesSerie Macroeconomia del Desarrollo
dc.titleGenerating inclusive and sustainable growth: the role of policy and multilevel fiscal institutions
dc.typeTexto
dc.projectProyecto Servicios Públicos y Descentralización Fiscal (GER/12/005)
dc.divisionDivisión de Desarrollo Económico
dc.regionalofficeSantiago
dc.physicaldescription35 p.: grafs., tabls.
dc.jobnumberS2013604 E
dc.callnumberLC/L.3718
dc.identifier.unsymbolLC/L.3718
dc.placeofeditionSantiago
dc.relation.ispartofseriesno139
dc.subject.spanishCRECIMIENTO ECONOMICO
dc.subject.spanishPOLITICA FISCAL
dc.subject.spanishHACIENDA PUBLICA
dc.subject.spanishGASTOS PUBLICOS
dc.subject.englishFISCAL POLICY
dc.subject.englishPUBLIC EXPENDITURES
dc.subject.englishPUBLIC FINANCE
dc.subject.englishECONOMIC GROWTH
dc.coverage.spatialspaAMERICA LATINA
dc.coverage.spatialengLATIN AMERICA
dc.type.biblevelDocumento Completo
dc.doctypeSeries
dc.topic.spanishASUNTOS FISCALES
dc.topic.spanishDESARROLLO SOSTENIBLE
dc.topic.englishFISCAL AFFAIRS
dc.topic.englishSUSTAINABLE DEVELOPMENT
dc.idsade51617
dc.workarea.spanishDESARROLLO ECONÓMICO
dc.workarea.spanishDESARROLLO SOSTENIBLE Y ASENTAMIENTOS HUMANOS
dc.workarea.englishECONOMIC DEVELOPMENT
dc.workarea.englishSUSTAINABLE DEVELOPMENT AND HUMAN SETTLEMENTS
dc.contributor.institutionGerman Society for International Cooperation
cepal.physicaldescriptiongráficos, tablas


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