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Despite the extensive international experience with the assignments of revenue sources to different levels of government, the public finance literature still lacks a general theory of revenue assignments. Two sets of arguments have been separately developed in the literature to explain and guide...
Persistent link: https://www.econbiz.de/10013096565
This paper analyses the problem of sub-national revenue mobilization in Peru and proposes several policy reforms to improve collection performance while maintaining a sound revenue structure. We analyze the current revenues of regional and municipal governments and identify the main priorities...
Persistent link: https://www.econbiz.de/10013064946
This paper analyzes the problem of sub-national revenue mobilization in Peru and proposes several policy reforms to improve collection performance while maintaining a sound revenue structure. In particular, the paper analyzes the current revenues of regional and municipal governments and...
Persistent link: https://www.econbiz.de/10013066303
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Contract enforcement and institutional stability play an important role in determining the level and maturity of … international debt. Contract enforcement is modeled as a fixed cost that investors incur to obtain the contracted, gross returns on … international investments. Institutional stability is modeled as the probability that the same contract enforcement cost will …
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