Generating inclusive and sustainable growth: the role of policy and multilevel fiscal institutions
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2014
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oai-11362-53742020-03-06T16:50:27Z Generating inclusive and sustainable growth: the role of policy and multilevel fiscal institutions Ahmad, Ehtisham German Society for International Cooperation CRECIMIENTO ECONOMICO POLITICA FISCAL HACIENDA PUBLICA GASTOS PUBLICOS FISCAL POLICY PUBLIC EXPENDITURES PUBLIC FINANCE ECONOMIC GROWTH Incluye bibliografía Sustainable 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. I.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. 2014-01-02T16:11:48Z 2014-01-02T16:11:48Z 2013-10 Texto Documento Completo http://hdl.handle.net/11362/5374 LC/L.3718 en Serie Macroeconomia del Desarrollo 139 application/pdf AMERICA LATINA LATIN AMERICA CEPAL |
| institution |
Cepal |
| collection |
Cepal |
| language |
English |
| topic |
CRECIMIENTO ECONOMICO POLITICA FISCAL HACIENDA PUBLICA GASTOS PUBLICOS FISCAL POLICY PUBLIC EXPENDITURES PUBLIC FINANCE ECONOMIC GROWTH |
| spellingShingle |
CRECIMIENTO ECONOMICO POLITICA FISCAL HACIENDA PUBLICA GASTOS PUBLICOS FISCAL POLICY PUBLIC EXPENDITURES PUBLIC FINANCE ECONOMIC GROWTH Ahmad, Ehtisham Generating inclusive and sustainable growth: the role of policy and multilevel fiscal institutions |
| description |
Incluye bibliografía |
| author2 |
German Society for International Cooperation |
| author_facet |
German Society for International Cooperation Ahmad, Ehtisham |
| format |
Texto |
| author |
Ahmad, Ehtisham |
| author_sort |
Ahmad, Ehtisham |
| title |
Generating inclusive and sustainable growth: the role of policy and multilevel fiscal institutions |
| title_short |
Generating inclusive and sustainable growth: the role of policy and multilevel fiscal institutions |
| title_full |
Generating inclusive and sustainable growth: the role of policy and multilevel fiscal institutions |
| title_fullStr |
Generating inclusive and sustainable growth: the role of policy and multilevel fiscal institutions |
| title_full_unstemmed |
Generating inclusive and sustainable growth: the role of policy and multilevel fiscal institutions |
| title_sort |
generating inclusive and sustainable growth: the role of policy and multilevel fiscal institutions |
| publisher |
CEPAL |
| publishDate |
2014 |
| url |
http://hdl.handle.net/11362/5374 |
| work_keys_str_mv |
AT ahmadehtisham generatinginclusiveandsustainablegrowththeroleofpolicyandmultilevelfiscalinstitutions |
| _version_ |
1718437178374094848 |