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To Be or Not To Be in Office Again: Political Business Cycles with Local Governments
Baleiras, Rui Nuno; Costa, José da Silva - EconWPA - 2003
Most opportunistic-type models of political business cycles tend to posit a given objective for incumbents: maximisation of re-election chances. Though taking an opportunistic view too, we suggest a new explanation for a fiscal policy cycle: the incumbent’s concern with her own welfare in...
Persistent link: https://www.econbiz.de/10005076618
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Does Rapid Liberalization Increase Corruption?
Tavares, Samia - EconWPA - 2005
Corruption scandals seem to abound in countries that have recently undergone reform. Despite the proliferation of stories in the news media, no one has examined whether reform—be it democratization or economic liberalization or both—actually causes an increase in corruption. Theory provides...
Persistent link: https://www.econbiz.de/10005125949
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Credible Communication in Dynastic Government
Lagunoff, Roger - EconWPA - 2002
This paper examines the mechanics of intertemporal information provision in {\em dynastic governments}. It has been suggested that ``horizontal accountability," i.e., a system of governance where auditing functions lie outside the executive branch, can ensure credible disclosure of information....
Persistent link: https://www.econbiz.de/10005407554
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An Enabling Mechanism for the Creation, Adjustment, and Dissolution of States and Governmental Units
Hausken, Kjell; Knutsen, John F. - EconWPA - 2004
The article proposes an enabling mechanism for the creation, adjustment and dissolution of governmental units, giving autonomy to each resident as in a direct democracy. Rather than focusing on a narrow model with restrictive and specialized assumptions, and subsequent solutions, as has been...
Persistent link: https://www.econbiz.de/10005412496
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You Get What You Vote For: Electoral Determinants of Economic Freedom
Crampton, Eric - EconWPA - 2002
While several cross-sectional studies (La Porta et. al. 2002, Norton 2002) examine institutional and cultural determinants of economic freedom, changes in economic freedom remain unexamined. I construct a measure of median voter preferences and find changes in voter preferences for economic...
Persistent link: https://www.econbiz.de/10005556897
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Explaining de facto judicial independence
Hayo, Bernd; Voigt, Stefan - EconWPA - 2003
Judicial Independence (JI) as factually implemented varies considerably between countries. Since de iure JI is an imperfect predictor of de facto JI, a number of variables that might determine the factual level of judicial independence is theoretically discussed and empirically tested. A...
Persistent link: https://www.econbiz.de/10005561022
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Do public sector reforms get rusty? An empirical analysis on privatization of solid waste collection
Bel, Germa; Costas, Anton - EconWPA - 2004
Recent empirical evidence, from countries in the European Union in particular, are much more ambiguous on the costs savings from private production of local public services than previous literature used to be. In this paper, an explanatory model of factors driving costs in solid waste collection...
Persistent link: https://www.econbiz.de/10005125882
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The Politics of Tax Administration: Evidence from Spain
Esteller-More, Alejandro - EconWPA - 2003
Does there exist a connection between the political power and the tax administration? In this paper, we offer empirical evidence from Spain that there exists. First, the Spanish regional tax administration is not immune to the budgetary situation of the regional government, and tends to exert a...
Persistent link: https://www.econbiz.de/10005125894
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Tax Capacity Disparities and Fiscal Equalization: The Case of Spanish Local Governments
Castells, Antoni; Esteller-Moré, Alejandro; Vilalta, Maite - EconWPA - 2003
fiscal adjustment. About a 25% of the shock is internalized through an increase in tax effort, a 35% through a reduction in …% of their shock is covered by an increase in the level of debt, while the rest of municipalities (“strong” governments …. Finally, we find that municipalities tend to react differently in front of a negative (28%) and a positive (26%) shock with …
Persistent link: https://www.econbiz.de/10005125944
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The Dynamics of Municipal Fiscal Adjustment
Buettner, Thiess; Wildasin, David E. - EconWPA - 2003
The dynamic fiscal policy adjustment of local jurisdictions is investigated empirically using a panel of more than 1000 U.S.~municipalities over a quarter of a century. Distinguishing own revenue, grants, expenditures, and debt service, the analysis is carried out using a vector error-correction...
Persistent link: https://www.econbiz.de/10005125954