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Does Size Matter? Evidence from Municipality Break-Ups
Erlingsson, Gissur Ó; Klarin, Jonas; Mörk, Eva Maria - 2021
across the globe. This paper estimates how seven voluntary splits of Swedish municipalities affected municipal current costs … norm minimization. Our results do not support the standard view, that smaller municipalities imply higher per capita costs …. Instead, we find an intriguing heterogeneity: costs increase in some municipalities, are unaffected in others and decrease …
Persistent link: https://www.econbiz.de/10012582105
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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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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 leads to higher investments, particularly in the...
Persistent link: https://www.econbiz.de/10010265969
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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
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Green Stimulus in a Post-Pandemic Recovery: The Role of Skills for a Resilient Recovery
Chen, Ziqiao; Marin, Giovanni; Popp, David; Vona, Francesco - 2020
As nations struggle to restart their economy after Covid-19 lockdowns, calls to include green investments in a pandemic-related stimulus are growing. Yet little research provides evidence of the effectiveness of a green stimulus. We begin by summarizing recent research on the effectiveness of...
Persistent link: https://www.econbiz.de/10012269489
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Do Party Ties Increase Transfer Receipts in Cooperative Federalism? - Evidence from Germany
Bury, Yannick; Feld, Lars P.; Köhler, Ekkehard A. - 2020
. We study how parliamentary representation of municipalities on the federal level influences the allocation of federal …
Persistent link: https://www.econbiz.de/10012314867
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Government spending shocks and the multiplier: New evidence from the US based on natural disasters
Yang, Weonho; Fidrmuc, Jan; Ghosh, Sugata - 2012
The literature on estimating macroeconomic effects of fiscal policy requires suitable instruments to identify exogenous and unanticipated spending shocks. So far, the instrument of choice has been military build-ups. This instrument, however, largely limits the analysis to the US as few other...
Persistent link: https://www.econbiz.de/10010290743
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The Dynamic Response of Municipal Budgets to Revenue Shocks
Helm, Ines; Stuhler, Jan - 2021
We study the fiscal and tax response to intergovernmental grants, exploiting quasi-experimental variation within Germany’s fiscal equalization scheme triggered by Census revisions of official population counts. Municipal budgets do not adjust instantly. Instead, spending and investments adapt...
Persistent link: https://www.econbiz.de/10012582146