Presumptions of Decentralisation in the Context of Institutional and Political Economy

Abstract

The aim of the article is to discuss and distinguish the notion of decentralisation within time, institutional economics and political organisation of States, as well as the role of decentralisation in the context of those political organisations. The differences between the notions of decentralisation and federalism are differentiated in order to avoid misinterpretations of the notions.

Keywords

• decentralisation
• institutionalisation
• federalism
• unitary regime