Found 3 article(s) for author 'Decentralization'

Growth and Decentralization in Bad Times

Growth and Decentralization in Bad Times. Philippe Aghion, Raffaella Sadun, April 8, 2015, Paper. “Is decentralization beneficial to firm performance in “bad times”? We present a model where negative demand shocks increase the importance of rapid action, and improve the alignment of incentives of managers within firms. We test this idea exploiting the heterogeneous impact of the 2008-2009 Great Recession across industries and countries using firm-level cross-country panel data combined with our survey data on firm organization. Decentralized firms perform better than their centralized counterparts in terms of sales and TFP growth…” Link

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Never Waste a Good Crisis? Growth and Decentralization in the Great Recession

Never Waste a Good Crisis? Growth and Decentralization in the Great Recession. Philippe Aghion, Raffaella Sadun, October 20, 2014, Paper. “We argue that decentralization is particularly beneficial to firm performance in “bad times”. We present a model where bad times increase the importance of rapid action, and improve the alignment of incentives of managers within firms. We test this idea exploiting the 2008-2009 Great Recession using firm-level cross country panel data combined with our survey data on firm organization…” Link

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Decentralization in Developing Economies

Decentralization in Developing Economies. Monica Singhal, 2014, Paper. “Standard models of fiscal federalism suggest many benefits of decentralization in developing economies, and there has been a recent push toward decentralization around the world. However, developing countries presently still have less decentralization, particularly on the revenue side, than both developed countries today and the United States and Europe historically. We consider how the trade-offs associated with fiscal federalism apply in developing countries…” May require purchase or user account. Link

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