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Horizontal Interaction on Local Councils' Expenditures. Evidence from Italy
SANTOLINI, RAFFAELLA; ERMINI, Barbara - Dipartimento di Scienze Economiche e Sociali, Facoltà … - 2007
This paper seeks for public spending interdependence among jurisdictions within some Italian local councils. We find significant positive interaction among spending of neighboring local councils both at the level of total expenditure and also for different subcategories. However, this result...
Persistent link: https://www.econbiz.de/10004990553
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An Empitical Analysis of Political and Informative Trends on Municipalities of an Italian Region.
SANTOLINI, RAFFAELLA - Dipartimento di Scienze Economiche e Sociali, Facoltà … - 2007
The aim of this paper is to conduct an empirical investigation regarding the presence of political and informative trends in tax setting of local governments as an alternative theoretical explanation to the tax mimick-ing. Both phenomena have been tested on municipalities' cross-sectional data...
Persistent link: https://www.econbiz.de/10004990558
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Structural Convergence of Macroeconomic Time Series: Evidence for Inflation Rates in EU Countries
Zazzaro, Alberto; SARNO, Emma - Dipartimento di Scienze Economiche e Sociali, Facoltà … - 2003
In this paper we introduce a new concept of structural convergence and propose an index of dissimilarity among time … series as a measure of global convergence of macroeconomic phenomena. The index is built up from the autoregressive distance … convergence of several time series by using the information on the mutual convergence of single pairs. In this paper, we apply the …
Persistent link: https://www.econbiz.de/10005057094