000			02784nam a2200301 4500
003			CSPC
005			20260324105230.0
008			260324c2002 ph r j i 00 0 eng d
022			_a1655-5252
040			_aCSPC _beng _cCSPC _erda
245	0	0	_aEffect of decentralization strategy on macroeconomic stability in Thailand.
264		1	_aManila : _bAsian Development Bank, _c2002.
300			_avolumes : _billustrations ; _c28 cm.
336			_2rdacontent _atext
337			_2rdamedia _aunmediated
338			_2rdacarrier _avolume
362			_a2002, Number 17
490		1	_aERD working paper series no. 17 economics and research deapartment
504			_aIncludes bibliographical references
505	0		_aIntroduction --Background -- Asymmetrical fiscal decentralization -- Theoretical framework -- Decentralized local public finance -- International experience and asymmetrical, fiscal decentralization -- Incentive problem in the Thai decentralization system -- Contributory problems -- Decentralization and macroeconomic stability -- The model -- Assumptions -- Forecasting procedure -- Results -- Conclusions and policy recommendations -- Appendix 1: GDP growth, inflation, and budget balance -- Appendix 2: Institutional infrastructure -- Appendix 3: local revenue for FY 1998-2001 -- Appendix 4: local revenue forecast for FY 2002-2006.
520	3		_aThis research study examines how the Thai central government can finance decentralization and make local governments accountable for their own finances. The Thai government's medium-term fiscal stance is not conducive to planned fiscal decentralization, and local governments will not immediately assume responsibility for providing public services previously provided by the central government. This study proposes that the central government must revenue collection efficiency without hindering economic growth by gradually increasing the value added tax rate over the medium term. Thailand has adopted an unbalanced approach to fiscal decentralization. Local governments are guaranteed revenue from transfers from the central government but need not assume increased responsibility for providing public services. This encourages local authorities to spend irresponsibly in expectation of bailouts by the central government. This study recommends that the Thai central government impose hard budget constraints on local governments.
650		4	_aFiscal policy _xPeriodicals. _zThailand
650		4	_aMacroeconomics _xPeriodicals. _zThailand
650		4	_aEconomic stabilization _xPeriodicals.
700		1	_aLao- Araya, Kanokpan., _eeditor.
942			_2ddc _n0 _cSERIALS _h339.509593 _iEf361 _kSER _m2002
999			_c32158 _d32158