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Do Oil Windfalls Improve Living Standards? Evidence from Brazil

Caselli, Francesco; Michaels, Guy - C.E.P.R. Discussion Papers - 2009

We use variation in oil output among Brazilian municipalities to investigate the effects of resource windfalls. We find … muted effects of oil through market channels: offshore oil has no effect on municipal non-oil GDP or its composition, while … onshore oil has only modest effects on non-oil GDP composition. However, oil abundance causes municipal revenues and reported …

Persistent link: https://www.econbiz.de/10008509470

Fiscal Federalism in Times of Crisis

Foremny, Dirk; von Hagen, Jürgen - C.E.P.R. Discussion Papers - 2012

We study the subnational fiscal adjustment to the Great Recession in a sample of European countries. We find that there are important differences between unitary and federal countries. Subnational governments in federal states reacted to the Great Recession by running larger budget deficits...

Persistent link: https://www.econbiz.de/10011083379

Russian Fiscal Federalism: Impact of Political and Fiscal (De)centralization

Alexeev, Michael; Weber, Shlomo - C.E.P.R. Discussion Papers - 2013

The extent of political and fiscal centralization in Russia has experienced dramatic changes since the end of the Soviet era. The heavily centralized, both politically and economically, federal structures became dysfunctional and unstable until the introduction of the Budget and Tax Codes over...

Persistent link: https://www.econbiz.de/10011084505

Horizontal and Vertical Indirect Tax Competition: Theory and Some Evidence From the USA

Devereux, Michael P.; Lockwood, Ben; Redoano, Michela - C.E.P.R. Discussion Papers - 2004

This Paper provides a simple theoretical framework for analysing simultaneous vertical and horizontal competition in excise taxes, and estimates equations informed by the theory on a panel of US state and federal excise taxes on cigarettes and gasoline. We also examine the role played by...

Persistent link: https://www.econbiz.de/10005661650

Does a Currency Union Affect Trade? The Time Series Evidence

Glick, Reuven; Rose, Andrew K - C.E.P.R. Discussion Papers - 2001

Does leaving a currency union reduce international trade? We answer this question using a large annual panel data set covering over 230 countries from 1948-97. During this sample over one hundred pairs of countries had currency union dissolutions; they experienced economically and statistically...

Persistent link: https://www.econbiz.de/10005666714

Opportunistic Political Cycles: Test in a Young Democracy Setting

Akhmedov, Akhmed; Ravitchev, Alexei; Zhuravskaya, Ekaterina - C.E.P.R. Discussion Papers - 2003

Despite the fact that theoretical research on opportunistic political cycles is very intuitive and well developed, empirical literature has found fairly weak evidence of opportunistic political cycles. This Paper tests the theory in a decade-old democracy – Russia. We find strong evidence of...

Persistent link: https://www.econbiz.de/10005662200

Curbing Cream-Skimming: Evidence on Enrolment Incentives

Courty, Pascal; Kim, Do Han; Marschke, Gerald - C.E.P.R. Discussion Papers - 2009

Using data from a large, U.S. federal job training program, we investigate whether enrolment incentives that exogenously vary the ‘shadow prices’ for serving different demographic subgroups of clients influence case workers’ intake decisions. We show that case workers enroll more clients...

Persistent link: https://www.econbiz.de/10005666832

How Elections Matter: Theory and Evidence from Environmental Policy

List, John; Sturm, Daniel M - C.E.P.R. Discussion Papers - 2004

popular view that choices on secondary policy instruments are largely determined by lobbying, we find strong effects of …

Persistent link: https://www.econbiz.de/10005789133

Distributive Politics and the Costs of Centralization

Lockwood, Ben - C.E.P.R. Discussion Papers - 1998

This paper integrates the distributive politics literature with the literature on decentralization by incorporating inter-regional project externalities into a standard model of distributive policy. A key finding is that the degree of uniformity (or 'universalism') of the provision of regional...

Persistent link: https://www.econbiz.de/10005789145

Gender Interactions Within Hierarchies: Evidence from the Political Arena

Gagliarducci, Stefano; Paserman, M. Daniele - C.E.P.R. Discussion Papers - 2009

when we control for municipality fixed effects as well as non-random sorting of women into municipalities using regression …

Persistent link: https://www.econbiz.de/10005791679