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The Welfare State, Public Investment, and Growth
There is wide agreement that decentralized government can improve the allocation of public resources by bringing decision making closer to consumers and by enhancing the accountability of public officials and bureaucrats. However, multiple layers of government can cause problems for national macroeconomic control. This is because local accountability does not only imply decentralized decision-making; it typically entails financial competencies as well-together with the right to borrow fordoi:10.1007/978-4-431-67939-4_8 fatcat:rfwlfk23knd7jij3isxf4woaoq