Variables

Economic Growth

Education

Health

Expenditure

Decentralization

Positive (before 7^th NFC)

Positive (after 7^th NFC)

Negative (before 7^th NFC)

Positive (After 7^th NFC)

Positive (before 7^th NFC)

Positive (after 7^th NFC)

Revenue

Decentralization

None (before 7^th NFC)

Positive (after 7^th NFC)

Positive (before 7^th NFC)

Positive (after 7^th NFC)

Negative (before 7^th NFC)

None (after 7^th NFC)

Composite

Decentralization

Positive (before 7^th NFC)

Positive (after 7^th NFC)

Positive (before 7^th NFC)

Positive (after 7^th NFC)

None (before 7^th NFC)

None (after 7^th NFC)

CONCLUSION

Positive impact of fiscal decentralization on Economic Growth in two dimensions, while effect of 7^th NFC observed positive in all dimensions of FD.

7^th NFC award improved education level as there is positive impact for each dimension of FD.

7^th NFC award improved health level in only one dimension but there is no impact for two dimensions of FD.