The impact of the centralization of revenues and expenditures on growth, regional inequality and inequality [sic]

Thus, there is measured as the ratio of central government does appear to be some degree of different revenue to the sum of central government revenue informational content in the expenditure and and the revenues (net of intergovernmental transfers) of lower levels of government. [...] These were two measures of the size of In order to provide a fuller analysis of the government - the ratio of total government impact of revenue and expenditure centralization revenue to GDP (GOVREV/GDP) and the ratio on growth, two changes were made to the of total government consumption to GDP estimation strategy. [...] They these estimates, Table 5 provides simulations of indicate that a larger government and more the impact on the growth rate (both in the current inflation are both associated with a lower rate of period, the "short run", and in the long run) of 10 growth while more open economies have higher percent increases in each of the explanatory rates of growth. [...] Of these control variables, the In order to determine whether there is some openness measure, the level of government indication of a relationship between regional consumption, the inflation rate and the lagged inequality and the level of fiscal centralization, level of real GDP were all found to be significant the average values of the regional Gini determinants of regional inequality. [...] In order to evaluate the relative importance The average household Gini coefficients for of the explanatory variables as determinants of each country are reported in Table 10 (along with regional inequality, the impact on the level of the the averages, across the same observations, of the regional Gini coefficient of a 10 percent change centralization and expenditure measures).