IDEAS home Printed from https://ideas.repec.org/p/ess/wpaper/id13007.html
   My bibliography  Save this paper

Improving Subnational Government Development Finance in Emerging and Developing Economies: Towards a Strategic Approach

Author

Listed:
  • Paul Smoke

Abstract

This paper reviews the rationale and potential for improving subnational development finance, outlines the overall landscape of institutional arrangements available for this purpose, and considers broad challenges involved. Based on a review of global practice and experience in selected Asian developing countries with a range of special entities and innovations to enhance subnational investment, it proposes a more integrated, strategic approach to building subnational development finance.

Suggested Citation

  • Paul Smoke, 2019. "Improving Subnational Government Development Finance in Emerging and Developing Economies: Towards a Strategic Approach," Working Papers id:13007, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:13007
    Note: Institutional Papers
    as

    Download full text from publisher

    File URL: http://www.esocialsciences.org/Download/repecDownload.aspx?fname=A2019218134210_29.pdf&fcategory=Articles&AId=13007&fref=repec
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Roy Bahl & Richard M. Bird, 2018. "Fiscal Decentralization and Local Finance in Developing Countries," Books, Edward Elgar Publishing, number 17561.
    2. Liu, Lili & Waibel, Michael, 2010. "Managing subnational credit and default risks," Policy Research Working Paper Series 5362, The World Bank.
    3. Jorge Martinez-Vazquez & Violeta Vulovic, 2017. "How well do subnational borrowing regulations work?," Chapters, in: Naoyuki Yoshino & Peter J. Morgan (ed.), Central and Local Government Relations in Asia, chapter 5, pages 161-220, Edward Elgar Publishing.
    4. Jennifer M. Brinkerhoff & Derick W. Brinkerhoff & Derick W. Brinkerhoff & Jennifer M. Brinkerhoff, 2011. "Public–private partnerships: Perspectives on purposes, publicness, and good governance," Public Administration & Development, Blackwell Publishing, vol. 31(1), pages 2-14, February.
    5. Robin Boadway & Anwar Shah, 2007. "Intergovernmental Fiscal Transfers : Principles and Practice," World Bank Publications - Books, The World Bank Group, number 7171, December.
    6. Augusto de la Torre & Juan Carlos Gozzi & Sergio L. Schmukler, 2017. "Innovative Experiences in Access to Finance," World Bank Publications - Books, The World Bank Group, number 27529, December.
    7. Faguet, Jean-Paul, 2014. "Decentralization and Governance," World Development, Elsevier, vol. 53(C), pages 2-13.
    8. World Bank, 2015. "Leveraging Urbanization in South Asia," Working Papers id:7550, eSocialSciences.
    9. Mila Freire & John Petersen & Marcela Huertas & Miguel Valadez, 2004. "Subnational Capital Markets in Developing Countries : From Theory to Practice," World Bank Publications - Books, The World Bank Group, number 15044, December.
    10. Patricia Clarke Annez & George E. Peterson, 2007. "Financing Cities : Fiscal Responsibility and Urban Infrastructure in Brazil, China, India, Poland and South Africa," World Bank Publications - Books, The World Bank Group, number 6735, December.
    11. Naoyuki Yoshino & Peter J. Morgan (ed.), 2017. "Central and Local Government Relations in Asia," Books, Edward Elgar Publishing, number 17640.
    12. Daniel Platz, 2009. "Infrastructure finance in developing countries—the potential of sub-sovereign bonds," Working Papers 76, United Nations, Department of Economics and Social Affairs.
    13. Argentino Pessoa, 2008. "Public-Private Sector Partnerships In Developing Countries: Are Infrastructures Responding To The New Oda Strategy," FEP Working Papers 266, Universidade do Porto, Faculdade de Economia do Porto.
    14. James Alm, 2015. "Financing Urban Infrastructure: Knowns, Unknowns, And A Way Forward," Journal of Economic Surveys, Wiley Blackwell, vol. 29(2), pages 230-262, April.
    15. Bird, Richard M. & Smart, Michael, 2002. "Intergovernmental Fiscal Transfers: International Lessons for Developing Countries," World Development, Elsevier, vol. 30(6), pages 899-912, June.
    16. Argentino Pessoa, 2008. "Public-private partnerships in developing countries: are infrastructures responding to the new ODA strategy?," Journal of International Development, John Wiley & Sons, Ltd., vol. 20(3), pages 311-325.
    17. Serdar Yilmaz & Yakup Beris & Rodrigo Serrano-Berthet, 2010. "Linking Local Government Discretion and Accountability in Decentralisation," Development Policy Review, Overseas Development Institute, vol. 28(3), pages 259-293, May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Muhammad Adil Rauf & Olaf Weber, 2021. "Urban infrastructure finance and its relationship to land markets, land development, and sustainability: a case study of the city of Islamabad, Pakistan," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(4), pages 5016-5034, April.
    2. Filip Hrůza, 2023. "Analysis of the Financial Behaviour of Czech Municipalities as a Possibility for International Comparisons," Prague Economic Papers, Prague University of Economics and Business, vol. 2023(4), pages 389-410.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Smoke, Paul, 2019. "Improving Subnational Government Development Finance in Emerging and Developing Economies: Toward a Strategic Approach," ADBI Working Papers 921, Asian Development Bank Institute.
    2. Manuel E. Lago & Santiago Lago-Peñas & Jorge Martinez-Vazquez, 2022. "On the effects of intergovernmental grants: a survey," Working Papers. Collection A: Public economics, governance and decentralization 2204, Universidade de Vigo, GEN - Governance and Economics research Network.
    3. Manuel E. Lago & Santiago Lago-Peñas & Jorge Martinez-Vazquez, 2022. "On the effects of intergovernmental grants: a survey," Working Papers. Collection A: Public economics, governance and decentralization 2204, Universidade de Vigo, GEN - Governance and Economics research Network.
    4. Paul Smoke, 2014. "Why theory and practice are different: The gap between principles and reality in subnational revenue systems," Chapters, in: Richard M. Bird & Jorge Martinez-Vazquez (ed.), Taxation and Development: The Weakest Link?, chapter 9, pages 287-325, Edward Elgar Publishing.
    5. Abu Elias Sarker & Faraha Nawaz, 2019. "Clientelism, Partyarchy and Democratic Backsliding: A Case Study of Local Government Elections in Bangladesh," South Asian Survey, , vol. 26(1), pages 70-91, March.
    6. repec:ebl:ecbull:v:17:y:2008:i:22:p:1-11 is not listed on IDEAS
    7. Otong Suhyanto & Bambang Juanda & Akhmad Fauzi & Ernan Rustiadi, 2021. "The Effect of Transfer Funds on District/Municipality Development Performance in West Java Province Indonesia," International Journal of Economics and Financial Issues, Econjournals, vol. 11(3), pages 22-27.
    8. Manisha Verma & Anurag Priyadarshee, 2015. "Improving Service Delivery through State–Citizen Partnership: The Case of the Ahmedabad Urban Transport System," Growth and Change, Wiley Blackwell, vol. 46(2), pages 321-336, June.
    9. Qurat ul Ain & Tahir Yousaf & Yan Jie & Yasmeen Akhtar, 2020. "The Impact of Devolution on Government Size and Provision of Social Services: Evi¬dence from Pakistan," Hacienda Pública Española / Review of Public Economics, IEF, vol. 234(3), pages 105-135, September.
    10. Khalida Ghaus & Muhammad Sabir, 2014. "Intergovernmental Fiscal Transfers and Gender Sensitive Education Financing," Southern Voice Occasional Paper 13, Southern Voice.
    11. Santiago Lago-Peñas & Jorge Martinez-Vazquez & Agnese Sacchi, 2020. "Fiscal stability during the Great Recession: putting decentralization design to the test," Regional Studies, Taylor & Francis Journals, vol. 54(7), pages 919-930, July.
    12. Jorge Martinez-Vazquez & Cristian Sepulveda, 2020. "A Theoretical Rationale for the Fiscal-Gap Model of Equalization Transfers," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 76(1), pages 1-28.
    13. M Devendra Babu, 2009. "Fiscal Empowerment of Panchayats in India: Real or Rhetoric?," Working Papers 229, Institute for Social and Economic Change, Bangalore.
    14. Rahul Pathak, 2023. "Do Subnational Fiscal Rules Reduce Public Investment? The Case of Fiscal Responsibility Laws in India," Public Finance Review, , vol. 51(3), pages 315-338, May.
    15. Nataliya V. Golovanova, 2018. "Intergovernmental Transfers: Diversity of Terms and Russian Practice," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 2, pages 24-35, April.
    16. Tiangboho Sanogo, 2019. "Does fiscal decentralization enhance citizens’ access to public services and reduce poverty? Evidence from Côte d’Ivoire municipalities in a conflict setting," Post-Print hal-01875189, HAL.
    17. Bonfim, Leandro R.C. & Segatto, Andréa P. & Gonçalves, Sandro A., 2018. "A conical-helix model of technology transfer and public-private partnerships for technological development in Brazilian public health," Technology in Society, Elsevier, vol. 53(C), pages 110-123.
    18. Stotsky, Janet G. & Chakraborty, Lekha & Gandhi, Piyush, 2018. "Impact of Intergovernmental Fiscal Transfers on Gender Equality in India: An Empirical Analysis," Working Papers 18/240, National Institute of Public Finance and Policy.
    19. Smoke, Paul, 2016. "Looking Beyond Conventional Intergovernmental Fiscal Frameworks: Principles, Realities, and Neglected Issues," ADBI Working Papers 606, Asian Development Bank Institute.
    20. Muhammad Sabir, 2010. "Financial Implications of the 7th NFC Award and the Impact on Social Services," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 49(4), pages 387-403.
    21. Maria S. Basílio, 2014. "The Determinants of Multilateral Development Banks’ Participation in Infrastructure Projects," Journal of Infrastructure Development, India Development Foundation, vol. 6(2), pages 83-110, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ess:wpaper:id:13007. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Padma Prakash (email available below). General contact details of provider: http://www.esocialsciences.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.