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Development of Local Public Finance in Europe

Friedrich, Peter; Gwiazda, Joanna; Nam, Chang Woon - CESifo - 2003

This paper investigates the development of local public finance in Germany, Switzerland, Poland and the United Kingdom. In this context important characteristics of municipal expenditures and revenues are examined in these countries. Differences in government structure (i.e. unitary or federal)...

Persistent link: https://www.econbiz.de/10005094362

Local Public Good Provision, Municipal Consolidation, and National Transfers

Dur, Robert; Staal, Klaas - CESifo - 2007

We analyze a simple model of local public good provision in a region comprising two districts, a city and a village. When districts remain autonomous and local public goods have positive spillover effects on the neighboring district, there is underprovision of public goods in both the city and...

Persistent link: https://www.econbiz.de/10005405770

Looking for Appropriate Forms of Intergovernmental Transfers for Municipalities in Transition Economies

Nam, Chang Woon; Parsche, Rüdiger - CESifo - 2001

Intergovernmental transfers can be either conditional or unconditional with regard to the autonomy of local governments in spending such financial means. Although fiscal decentralisation has recently been quite pronounced in Eastern European transition countries, the dominance of a purpose- and...

Persistent link: https://www.econbiz.de/10005405972

Municipal Finance in Poland, the Slovak Republic, the Czech Republic and Hungary: Institutional Framework and Recent Development

Nam, Chang Woon; Parsche, Rüdiger - CESifo - 2001

The recent process of political and economic transformation in eastern European countries has not only contributed to the decentralisation of political structure but also significantly enhanced the fiscal autonomy of municipalities in these countries. In this context many similar types of public...

Persistent link: https://www.econbiz.de/10005406201

Significance and Determination of Fees for Municipal Finance

Friedrich, Peter; Kaltschuetz, Anita; Nam, Chang Woon - CESifo - 2004

The idea of fiscal decentralisation has become increasingly fashionable world-wide. But every country has unique features of the intergovernmental fiscal system. In general municipal expenditures are rapidly growing in European countries. On the other hand local tax increases are not easily...

Persistent link: https://www.econbiz.de/10005406299

Spatial Concentration of Manufacturing Firms in China

Brakman, Steven; Garretsen, Harry; Zhao, Zhao - CESifo - 2014

firms in China. Using a unique and detailed dataset on manufacturing firms in China, we are able to follow the changes in … location patterns of firms between 2002 and 2008. Our analysis shows that firms in China are more localized than in the UK or … state-owned firms. Our findings are consistent with the notion that China is increasingly liberalizing its economy, enabling …

Persistent link: https://www.econbiz.de/10010877721

Oil Price Uncertainty and Sectoral Stock Returns in China: A Time-Varying Approach

Caporale, Guglielmo Maria; Ali, Faek Menla; Spagnolo, Nicola - CESifo - 2014

This paper investigates the time-varying impact of oil price uncertainty on stock prices in China using weekly data on …

Persistent link: https://www.econbiz.de/10010877768

The Impact of Yuan Internationalization on the Euro-Dollar Exchange Rate

Benassy-Quere, Agnes; Forouheshfar, Yeganeh - CESifo - 2013

euro-dollar rate, whatever the exchange-rate regime of China. Moving to a dynamic, stock-flow framework, we show that the …

Persistent link: https://www.econbiz.de/10010877786

Unemployment, Growth and Speed of Transition in China

Fidrmuc, Jan; Huang, Shuo - CESifo - 2013

We investigate the relationship between unemployment and growth in China. We find considerable differences in the … China, furthermore, appears to be close to the level associated with optimal speed of transition. …

Persistent link: https://www.econbiz.de/10010877790

China's Exchange Rate and Financial Repression: The Conflicted Emergence of the Renminbi as an International Currency

McKinnon, Ronald Ian; Schnabl, Gunther - CESifo - 2014

China has been provoked into speeding renmnibi internationalization. But despite rapid growth in offshore financial … could attract even more hot money inflows, the People’s Bank of China should focus on tightly stabilizing the yuan/ dollar … exchange rate to encourage naturally high wage increases for balancing China’s international competitiveness. …

Persistent link: https://www.econbiz.de/10010877868