Showing 1 - 10 of 152
excludable public goods into a model with consumption and income taxes. The setup is a neoclassical growth model where agents …
Persistent link: https://www.econbiz.de/10010556462
centralized solution. In addition the regions have strategic incentives to set user charges. If the regional spillover goods are …
Persistent link: https://www.econbiz.de/10005405844
The Dutch Parliament has passed legislation for a new income tax that abolishes the current tax on personal capital income and substitutes it by a presumptive capital income tax, which is in fact a net wealth tax. This paper contrasts this wealth tax with a conventional realization-based capital...
Persistent link: https://www.econbiz.de/10005766199
Estonian municipalities should perform a broad range of functions, while their fiscal resources are often limited and large disparities in fiscal capacity prevail among them. Moreover, the power to regulate fiscal affairs is mostly in the hands of the central government. We discuss how a strict...
Persistent link: https://www.econbiz.de/10008533988
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
Redistributive grants schemes, such as fiscal equalization, are a common characteristic of local public finance in several countries. However, large and small jurisdictions are treated differently by the respective fiscal equalization schemes that often tend to favour larger jurisdictions. This...
Persistent link: https://www.econbiz.de/10005406062
We evaluate the effect of relaxing fiscal rules on policy outcomes applying a quasi-experimental research design. In 1999, the Italian central government introduced fiscal rules aimed at imposing fiscal discipline on municipal governments, and in 2001 the rules were relaxed for municipalities...
Persistent link: https://www.econbiz.de/10010593127
Financial constraints are an important impediment to the growth of small businesses. We study theoretically and … decisions and growth of principals, in the context of franchising. We find that a 30 percent decrease in average … waiting time, and slows their growth by around 10 percent, leading to a 10 percent reduction in franchised chain employment. …
Persistent link: https://www.econbiz.de/10010877784
We investigate the relationship between unemployment and growth in China. We find considerable differences in the …
Persistent link: https://www.econbiz.de/10010877790
This paper examines empirically the interaction between immigration and host country economic conditions. We employ panel VAR techniques to use a large annual dataset on 22 OECD countries over the period 1987-2009. The VAR approach allows to addresses the endogeneity problem by allowing the...
Persistent link: https://www.econbiz.de/10010877796