An Old Theory vs. Complexity – Federalism, Transfer System and (non)Growth

For a long time, economic literature (theoretical and empirical) suggested that one of the best performing countries (in terms of innovativeness, productivity, growth, democracy, decreasing inequality etc.) are those having highly decentralised system, the so called fiscal federalism and the associated transfer system. Germany is one of those countries. The apropos of this short rudimentary post is the recent evidenc
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