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Fiscal decentralization in south Asian region is taken up as tool to settle economic
inefficiencies. The reliance of present study is to locate for the fact that either it is true in
case of such economies. To do so, non-stationary panel data analyses was used for the
period from 1990 to 2016. Empirical findings backed at panel pooled mean group of
Auto Regressive Distributed Lag came along with the findings that expenditure and
revenue decentralization had significant positive and negative effects on economic
growth. Similarly, gross fixed capital formation and foreign direct investment were found
to have significant positive effect on the economic growth of selected South Asian
economies. For short run, the diagnostics showed positive follow-ups of economic
growth in response to education decentralization, however, revenue decentralization was
traced for negative spell-outs on economic growth. Policy implications are underlined for
increasing revenue decentralization for meeting the goal of economic growth
Muhammad Zahir Faridi, Khawaja Asif Mehmood, Ali Azam, Muhammad Taqi. (2019) Fiscal Decentralization and Economic Growth in South Asian Countries, Pakistan Journal of Commerce and Social Sciences, Volume 13, Issue 2.
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