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Do re-election probabilities influence public investment?
Fiva, Jon H.; Natvik, Gisle James - 2009
We identify exogenous variation in incumbent policymakers' re-election probabilities and explore empirically how this … variation affects the incumbents' investment in physical capital. Our results indicate that a higher re-election probability … capital. Key for the consistency between data and theory is to account for complementarity between physical capital and flow …
Persistent link: https://www.econbiz.de/10010265969
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How do electoral systems affect fiscal policy? Evidence from state and local governments, 1890 to 2005
Funk, Patricia; Gathmann, Christina - 2010
Using a new data set on Swiss state and local governments from 1890 to today, we analyze how the adoption of proportional representation affects fiscal policy. We show that proportional systems shift spending toward broad goods (e.g. education and welfare benefits) but decrease spending on...
Persistent link: https://www.econbiz.de/10010266087
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Dynamic Fiscal Competition : A Political Economy Theory
Arcalean, Calin - 2019
I develop a political economy theory of dynamic fiscal competition via public spending and debt. With internationally …
Persistent link: https://www.econbiz.de/10012891564
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Read My Lips? Taxes and Elections
Fuest, Clemens; Gründler, Klaus; Potrafke, Niklas; … - 2021
We introduce a new dataset that includes quantitative harmonized indices of tax reforms based on qualitative information of about 900 Economic Surveys from the OECD and 37,000 tax-related news from the IBFD archives. The data set provides indicators on tax reforms for tax rates and tax bases,...
Persistent link: https://www.econbiz.de/10013314686
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Young Voters and Budget Deficits
Nyhus, Ole Henning; Strøm, Bjarne - 2023
This paper exploits a novel trial in Norwegian local elections in 2011 to provide empirical evidence on fiscal performance from lowering the minimum voting age from 18 to 16. Using a difference in differences research strategy, we find that this voting age change reduced the net operating...
Persistent link: https://www.econbiz.de/10014357513
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Voting Advice Applications and Elections
Benesch, Christine; Heim, Rino; Schelker, Mark; Schmid, … - 2021
We analyze how the introduction of the voting advice application (VAA) smartvote affects voter turnout, voting behavior and electoral outcomes. The Swiss context offers an ideal setting to identify the causal effects of online information with aggregate real world data because smartvote was...
Persistent link: https://www.econbiz.de/10013249647
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The Employment Effects of Countercyclical Infrastructure Investments
Buchheim, Lukas; Watzinger, Martin - 2017
We estimate the causal impact of a sizable German infrastructure investment program on employment at the county level. The program focused on improving the energy efficiency of school buildings, making it possible to use the number of schools as an instrument for investments. We find that the...
Persistent link: https://www.econbiz.de/10011615938
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Beyond the Centre: Tracing Decentralization's Influence on Time-varying Fiscal Sustainability
Afonso, António; Alves, José; Jalles, João Tovar; … - 2024
This paper explores the nuanced relationship between fiscal decentralization and fiscal sustainability. Employing panel data analyses, it scrutinizes how decentralization influences fiscal discipline across different governmental levels. Results for 185 countries show that while tax...
Persistent link: https://www.econbiz.de/10014574299
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Natural Disasters, Government Spending, and the Fiscal Multiplier
Fidrmuc, Jan; Ghosh, Sugata; Yang, Weonho - 2015
We estimate the fiscal multiplier associated with shocks to government spending. We consider increases in government spending in the U.S. states in the wake of natural disasters to capture spending shocks that are both unexpected and unrelated to the preceding state of the economy. We find that...
Persistent link: https://www.econbiz.de/10011431198
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Tax Cuts Starve the Beast! Evidence from Germany
Fuest, Clemens; Neumeier, Florian; Stöhlker, Daniel - 2019
The 'starving the beast' hypothesis claims that tax cuts lead to lower public spending, rather than higher debt levels and higher taxes in the future. This paper uses the institutional setting of German fiscal federalism to its advantage in order to explore how fiscal policy reacts to exogenous...
Persistent link: https://www.econbiz.de/10012179808