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Partial Fiscal Decentralization
Brueckner, Jan K. - 2021
The fiscal decentralization impulse now sweeping the world often leads to partial decentralization, where subnational governments are funded by central transfers, rather than leading to full local autonomy. Despite the practical importance of this arrangement, the literature contains no economic...
Persistent link: https://www.econbiz.de/10013316771
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On Government Centralization and Budget Referendums: Evidence from Switzerland
Schaltegger, Christoph A.; Feld, Lars P. - 2001
federalism in which centralization is less likely to occur where budget referendums are possible. The reason for this result is … that budget referendums reduce the extent to which pro-centralization regions can commit to a low level of spending … delegating the centralization choice to elected poli-cymakers. In addition, it reduces the ability of higher level policy …
Persistent link: https://www.econbiz.de/10010315338
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Sharing budgetary austerity under free mobility and asymmetric information : an optimal regulation approach to fiscal federalism
Breuille, Marie-Laure; Gary-Bobo, Robert J. - 2005
In the present article, Tiebout meets Laffont and Tirole in the land of Fiscal Federalism. We use a non-trivial Principal-Multi-Agent model to characterize the optimal intergovernmental grant schedule, when the cost of local public goods depends on hidden characteristics and actions of local...
Persistent link: https://www.econbiz.de/10010261345
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Ex-post redistribution in a federation: implications for corrective policy
Koethenbuerger, Marko - 2006
This paper analyzes whether changes in the timing of equalizing transfers to state governments necessitate an adjustment in federal corrective policy. According to the existing literature (assuming an ex-ante choice of transfers), the corrective grant is equal to the marginal damage/benefit...
Persistent link: https://www.econbiz.de/10010263941
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How do local governments decide on public policy in fiscal federalism?: tax vs. expenditure optimization
Köthenbürger, Marko - 2008
Previous literature widely assumes that taxes are optimized in local public finance while expenditures adjust residually. This paper endogenizes the choice of the optimization variable. In particular, it analyzes how federal policy toward local governments influences the way local governments...
Persistent link: https://www.econbiz.de/10010264427
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Partial fiscal decentralization
Brueckner, Jan Keith - 2007
The fiscal decentralization impulse now sweeping the world often leads to partial decentralization, where subnational governments are funded by central transfers, rather than leading to full local autonomy. Despite the practical important of this arrangement, the literature contains no economic...
Persistent link: https://www.econbiz.de/10010271848
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The political economy of regional integration projects at borders where rich and poor meet: the role of cross-border shopping and community sorting
Dascher, Kristof; Haupt, Alexander - 2008
At borders where rich and poor countries meet, services prices differ hugely. In principle, price differentials could be exploited to mutual benefit, offering improved job opportunities to the poor as well as better shopping opportunities to the rich. However, cross-border shopping is often...
Persistent link: https://www.econbiz.de/10010264347
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Does progressivity always lead to progress? The impact of local redistribution on tax manipulation
Giommoni, Tommaso - 2019
The goal of this paper is to study the effects of introducing income redistribution at the municipal level, with the adoption of local tax progressivity. In particular, we analyse whether this complex fiscal tool modifies the incentives of local politicians to be strategic leading to higher tax...
Persistent link: https://www.econbiz.de/10012018279
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Fiscal federalism and electoral accountability
Aidt, Toke; Dutta, Jayasri - 2010
exposed to electoral uncertainty. We show that centralization may, but need not, result in a loss of electoral accountability …. We identify an important asymmetry between positive and negative externalities and show that centralization may not be … efficient in economies with positive externalities even when regions are identical and centralization does not entail a loss of …
Persistent link: https://www.econbiz.de/10010270517
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Electoral competition as a determinant of fiscal decentralization
Jametti, Mario; Joanis, Marcelin - 2011
government electoral strength and both expenditure and revenue centralization emerges as negative and non-linear. …
Persistent link: https://www.econbiz.de/10010278889