Fiscal Decentralisation and Public Investment (Mello)

” Fiscal Decentralisation and Public Investment :The Experience of Latin America” by Luiz de Mello. Originally by CEPAL. The paper concludes that : “The empirical evidence reported in this paper suggests that, controlling for other cross-country determinants of investment, there may be specific features of fiscal decentralisation in Latin America that discourage subnational governments from investing.”