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Economies 2018, 6(1), 8; https://doi.org/10.3390/economies6010008

The Impact of Fiscal Decentralization on Accountability, Economic Freedom, and Political and Civil Liberties in the Americas

Economics Department, Tulane University, New Orleans, LA 70118, USA
Received: 4 October 2017 / Revised: 27 December 2017 / Accepted: 22 January 2018 / Published: 1 February 2018
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Abstract

This paper analyzes the impact of fiscal decentralization on accountability, economic freedom, and political and civil liberties in the Americas. The findings indicate that decentralization initially hampers but eventually enhances accountability and political and civil liberties, in line with the hypothesized positive correlation between greater fiscal autonomy and a more inclusive, participatory government. The impact of fiscal decentralization on economic freedom, however, runs counter to expectations. Decentralization seems to initially bolster freedom, but it eventually constrains it, proving that greater accountability and political and civil liberties do not necessarily lead to greater economic freedom. When Canada and the US are excluded and the analysis is done with developing American nations only, the behavioral pattern regarding how fiscal decentralization affects the principal variables intensifies, noting that in developing countries the impact of fiscal decentralization is likely to be more consequential. View Full-Text
Keywords: fiscal decentralization; economic freedom; political and civil liberties fiscal decentralization; economic freedom; political and civil liberties
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).
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Bojanic, A.N. The Impact of Fiscal Decentralization on Accountability, Economic Freedom, and Political and Civil Liberties in the Americas. Economies 2018, 6, 8.

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