Economic stimulus measures in the pandemic
The role of fiscal decentralisation
Bibliographic Data
| ID | 12913573 |
|---|---|
| Authors | Ceyhun Elgin (0000-0001-8796-2429, American University in Bulgaria), Abdullah Yalaman (0000-0002-4721-6576, Australian National University), Sezer Yasar (0000-0002-5704-101X, TED University) |
| Year | 2023 |
| Volume | 16 |
| Issue | 1 |
| Pages | 167-184 |
| Publication date | 2023-01-04 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Cambridge Journal of Regions Economy and Society (JOURNAL) |
| Journal identifiers | ISSN: 1752-1386 • E-ISSN: 1752-1378 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1093/cjres/rsac047 |
| OpenAlex | W4313702922 |
| Language | EN |
| Citations received | 1 |
| References cited | 32 |
Is fiscal federalism associated with economic policy responses and stimulus measures adopted by national and sub-national governments to mitigate the adverse economic effects of the COVID-19 pandemic? In this paper, we provide empirical evidence that it indeed is. Our results indicate that even after controlling for various relevant factors, countries with fiscally federal (decentralised) governments have adopted larger fiscal and macro-financial policy packages (as a percent of GDP). However, there are no significant differences in monetary-policy responses between centralised and decentralised governments. We also show that these results are robust to using different federalism measures, including different sets of control variables and different econometric specifications that include an instrumental variable estimation
Coronavirus disease 2019 (COVID-19 · Decentralization · Econometrics · Economic policy · Economics · Federalism · fiscal federalism · Fiscal policy · Instrumental variable · Macroeconomics · Monetary economics · Pandemic · Political science · Politics · Public economics · Stimulus (psychology · Fiscal Policies and Political Economy · Fiscal Policy and Economic Growth · Local Government Finance and Decentralization
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Explaining Intergovernmental Coordination during the Covid-19 Pandemic
A Critical Juncture in Fiscal Federalism? Canada's Response to Covid-19
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Reviving Leviathan
| Unique citing works | 1 |
|---|---|
| Citations per year | 0,5 |
| Citation span | 2024 - 2024 (1) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 1 |