Abstract:
Based on a review of theoretical and empirical experience of the two separated research strands regarding economic growth — fiscal federalism theory and “resource curse” hypothesis, the author considers reasonable to include the degree of fiscal decentralization into the analysis. The author supposes that there is indirect mechanism explaining unsatisfactory performance of resource based countries. A link between fiscal decentralization and level of resource dependence can be such a mechanism. The author tests a range of hypotheses regarding interactions between such variables as economic growth rate, institutional quality, fiscal decentralization and resource dependence.
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