Revisiting the link between growth and federalism: a Bayesian model averaging approach


Asatryan, Zareh ; Feld, Lars P.


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URL: https://ub-madoc.bib.uni-mannheim.de/34341
URN: urn:nbn:de:bsz:180-madoc-343415
Document Type: Working paper
Year of publication: 2013
The title of a journal, publication series: ZEW Discussion Papers
Volume: 13-049
Place of publication: Mannheim
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: C11 , H70 , O43,
Keywords (English): Fiscal federalism , economic growth , Bayesian Model Averaging
Abstract: Following the ambiguous results in the literature aimed at understanding the empirical link between fiscal federalism and economic growth, this paper revisits the question using a Bayesian Model Averaging approach. The analysis suggests that the failure to appropriately account for model uncertainty may have previously led to biased estimates. The results from a sample of 23 OECD countries over 1975-2000 indicate that after controlling for unobserved country heterogeneity, there is no robust link, neither positive, nor negative, between output growth and fiscal federalism (measured as sub-national governments' share of own source tax revenue).

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Asatryan, Zareh ; Feld, Lars P. (2013) Revisiting the link between growth and federalism: a Bayesian model averaging approach. Open Access ZEW Discussion Papers Mannheim 13-049 [Working paper]
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