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Place-Based Policies
Neumark, David; Simpson, Helen - C.E.P.R. Discussion Papers - 2014
Place-based policies commonly target underperforming areas, such as deteriorating downtown business districts and disadvantaged regions. Principal examples include enterprise zones, European Union Structural Funds, and industrial cluster policies. Place-based policies are rationalized by various...
Persistent link: https://www.econbiz.de/10011084586
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Does Tax Competition Tame the Leviathan?
Brülhart, Marius; Jametti, Mario - C.E.P.R. Discussion Papers - 2007
We study the impact of tax competition on equilibrium taxes and welfare, focusing on the jurisdictional fragmentation of federations. In a representative-agent model of fiscal federalism, fragmentation among jurisdictions with benevolent tax-setting authorities unambiguously reduces welfare. If,...
Persistent link: https://www.econbiz.de/10005666467
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Normative Aspects of Fiscal Policy in an Economic Union: a Review
Kollintzas, Tryphon; Philippopoulos, Apostolis; … - C.E.P.R. Discussion Papers - 1999
This paper provides a coherent, logical framework that connects the main issues concerning fiscal policy in an economic and monetary union. The focus is on normative issues within the European Union.
Persistent link: https://www.econbiz.de/10005791296
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The New Federalism: Distributional Conflict, Voluntarism and Segregation
Horstmann, Ignatius J; Scharf, Kimberley - C.E.P.R. Discussion Papers - 1999
This paper examines a model of jurisdiction formation where individuals differ in both income and preferences, and where public provision choices within jurisdictions are the outcome of a political process, but can be supplemented by private contributions. Locational equilibria in this model can...
Persistent link: https://www.econbiz.de/10005791618
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Alleged Tax Competition: The Mysterious Death of Bequest Taxes in Switzerland
Brülhart, Marius; Parchet, Raphaël - C.E.P.R. Discussion Papers - 2011
Interjurisdictional competition over mobile tax bases is an easily understood mechanism, but actual tax-base elasticities are difficult to estimate. Political pressure for reducing tax rates could therefore be based on erroneous estimates of the mobility of tax bases. We show that tax...
Persistent link: https://www.econbiz.de/10009371481
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Regional Decentralization and the Soft Budget Constraint: The Case of China
Qian, Yingyi; Roland, Gérard - C.E.P.R. Discussion Papers - 1994
village levels. We study the effect of regional decentralization on soft budget constraints in these enterprises. We show that …. Decentralization of monetary authority leads to a softening of local governments' budget constraints, however, as well as those of … enterprises. Fiscal decentralization combined with monetary centralization (i.e. fiscal federalism) may achieve not only hard …
Persistent link: https://www.econbiz.de/10005124311
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Culture, Institutions and Democratization
Gorodnichenko, Yuriy; Roland, Gérard - C.E.P.R. Discussion Papers - 2015
We construct a model of revolution and transition to democracy under an individualistic and a collectivist culture. The main result is that, despite facing potentially larger collective action problems, countries with an individualistic culture are more likely to end up adopting democracy faster...
Persistent link: https://www.econbiz.de/10011266531
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Estimating Income Elasticity of Government Expenditures: Evidence from Oil Price Shocks
Brückner, Markus; Chong, Alberto; Gradstein, Mark - C.E.P.R. Discussion Papers - 2011
We estimate the income elasticity of government expenditures using variation in the international oil price as a plausibly exogenous source of within-country variation of countries’ permanent income. Our short run elasticity estimates, between 0.25-0.50, are generally somewhat smaller than the...
Persistent link: https://www.econbiz.de/10009293665
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Private Provision of Public Goods and Information Diffusion in Social Groups
Scharf, Kimberley - C.E.P.R. Discussion Papers - 2011
We describe a model of fundraising in social groups, where private information about quality of provision is transmitted by social proximity. Individuals engage in voluntary provision of a pure collective good that is consumed by both neighbors and non-neighbors. We show that, unlike in the case...
Persistent link: https://www.econbiz.de/10009320406
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Whence Policy? Government Policies, Finance, and Economic Integration
Bertola, Giuseppe; Lo Prete, Anna - C.E.P.R. Discussion Papers - 2010
Economic integration may directly increase the need for private funding of consumption and investment, and should make it difficult for national governments to repress financial markets and to enforce redistribution policies that substitute private contractual arrangements. We analyze the...
Persistent link: https://www.econbiz.de/10008468654