In this paper we analyze the evolution of the Spanish housing market from 1995 to 2010. Between 1995 and 2007, the real estate market was a major driving force for the Spanish economy, with house prices increasing on average by over 10 percent per year. At the start of 2008, the year of the...

This paper is an empirical sequel to our previous theoretical analysis of the relationship between tax decentralisation and economic growth. Taking such theoretical work as a point of departure, we ask whether the process of fiscal decentralisation experienced by the Spanish economy since the...

The aim of this paper is to determine a theoretical linkage between tax decentralisation and regional growth. For this purpose a two fiscal tiers growth model is specified. First, working on Zou (1996) analytical framework, which account for the potential effects of intergovernmental policies on...

By estimating bivariate panel vector autoregressions, this paper analyses the relationship between the revenue autonomy of Spanish regional governments and the regional growth experienced in Spain during the process of fiscal decentralisation from 1984 to 2008. The key finding is the presence of...

This paper is an empirical sequel to our previous theoretical analysis of the relationship between tax decentralisation and economic growth. Taking such theoretical work as a point of departure, we ask whether the process of fiscal decentralisation experienced by the Spanish economy since the...

The aim of this paper is to determine a theoretical linkage between tax decentralisation and regional growth. For this purpose a two fiscal tiers growth model is specified. First, working on Zou (1996) analytical framework, which account for the potential effects of intergovernmental policies on...

. The aim of this paper is to determine a theoretical linkage between tax decentralisation and regional growth. For this purpose Zou’s (1996) analytical framework, which account for the potential effects of intergovernmental policies on regional growth, is considered. In this context a tax...