1School of Economics, Narsee Monjee Institute of Management Studies, Bengaluru, Karnataka, India Email id: dt.nandipati2000@gmail.com
The most important theoretical argument concerning decentralization is that it can improve governance by making the government more accountable and responsive to the governed. Improving governance is also central to the motivations of real-world reformers, who bear risks and costs in the interest of devolution. But the literature has mostly focused instead on policy-relevant outcomes, such as education and health services, public investment, and fiscal deficits. This paper analyses the link between decentralization, territorial development and growth. This paper focuses on the three-capital model, which is adopted by the state of Andhra Pradesh.
Andhra Pradesh, Decentralization, Governance, Territorial development, Three capitals
