Fiscal decentralization and regional economic growth: the case for the Philippines
| dc.contributor.advisor | Escresa, Laarni C. | |
| dc.contributor.author | Madridejos, Joanne Nicole Marie L. | |
| dc.contributor.author | Tipan, Aaron Cielo G. | |
| dc.date.accessioned | 2024-10-02T00:43:21Z | |
| dc.date.available | 2024-10-02T00:43:21Z | |
| dc.date.issued | 2016-12 | |
| dc.description.abstract | In the past years, there has been an increasing policy trend towards fiscal decentralization, especially in developing countries. This practice is expected to promote rural economic development by increasing government efficiency and responsiveness, and for that reason, it became the subject of many empirical studies. However, the existing theoretical and empirical discussions which address the question whether decentralization accelerates economic growth portray mixed results. This study aims to fill this gap by measuring the effect of fiscal decentralization in regional economic growth in the context of the Philippine economy using the different measures of decentralization introduced by Uchimura and Suzuki (2009) and another innovative measure by the researchers. Using fixed effects model in the empirical analysis of the Philippine regions from 2001 to 2011, excluding National Caspital Region (NCR) and Autonomous Region of Muslim Mindanao (ARMM), this paper demonstrates that increasing the capabilities of the local government units to self-generate their sources of revenue and their fiscal autonomy until it reaches its optimal level of decentralization have a positive effect on regional economic growth. Moreover, among all the measures of fiscal decentralization, revenue decentralization has the largest economic significance which suggests its important role on regional growth. | |
| dc.identifier.uri | https://selib.upd.edu.ph/etdir/handle/123456789/539 | |
| dc.language.iso | en | |
| dc.subject | decentralization | |
| dc.subject | economic growth | |
| dc.subject | Philippines | |
| dc.title | Fiscal decentralization and regional economic growth: the case for the Philippines | |
| dc.type | Thesis |