Showing 1 - 10 of 53
It is generally accepted that fiscal decentralization increases citizens’ control over politicians, fostering …
Persistent link: https://www.econbiz.de/10008685310
We advance the literature on political budget cycles by testing separately for cycles in expenditures for elections in the legislative and the executive. Using municipal data, we can separately identify these cycles and account for general year effects. For the executive branch, we show that it...
Persistent link: https://www.econbiz.de/10011167117
This article examines effectiveness of sub-national borrowing control regimes in maintaining overall fiscal sustainability. The results suggest that regulating sub-national borrowing based on fiscal rules performs most efficiently in maintaining fiscal consolidation. Furthermore, sole reliance...
Persistent link: https://www.econbiz.de/10010575422
This paper considers a simple dynamic decentralized leadership model with local borrowing and regional productivity enhancing investment. The central government is benevolent but cannot commit. The local governments strategically act while accounting for the ex post motive of the central...
Persistent link: https://www.econbiz.de/10008578199
By means of a dynamic panel data analysis, and using a database from municipalities of the province of Barcelona (1993-99), we describe their process of fiscal adjustment to a shock in tax capacity. About 25% of the shock is internalized through an increase in tax effort, 35% through a reduction...
Persistent link: https://www.econbiz.de/10005272688
Using a simple model of incomplete contracts to characterize the relationship between decentralization and contracting … governments will contract more with the private sector. Then, I use the 2001 decentralization reform in Colombia to test these … of the fact that the level of decentralization is decided using an exogenous population threshold to identify causal …
Persistent link: https://www.econbiz.de/10010575416
The well-known "Decentralization Theorem" (Oates, 1972) establishes the superiority of decentralized public provision … capital stocks by region both before and after the decentralization of such responsibilities. We find that investment in both …
Persistent link: https://www.econbiz.de/10005772712
Do governments increase public employment in election years? This paper answers this question by using data from Sweden and Finland, two countries that are similar in many respects but in which local elections are held at different points in time. These facts make it possible for us to separate...
Persistent link: https://www.econbiz.de/10008927004
Urban sprawl has recently become a matter of concern throughout Europe, but it is in southern countries where its environmental and economic impact has been most severe. This low-density, spatially expansive urban development pattern can have a highly marked impact on municipal budgets. Thus,...
Persistent link: https://www.econbiz.de/10008684834
We analyze the distribution of central transfers to municipal governments for the period between the 1993 and the 2005 electoral reforms using a panel of Italian municipalities. We find evidence that being the birth town of a Member of Parliament results in an increase in yearly transfers per...
Persistent link: https://www.econbiz.de/10010748229