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Fiscal Windfall Curse
Berset, Simon - 2020
We study the impact of a one-off exogenous fiscal windfall on local public finances in the canton of Zurich in Switzerland. The windfall was due to the IPO of Glencore on the London Stock Exchange in 2011. As a result, its CEO paid an extraordinary tax bill of approximately CHF 360 million....
Persistent link: https://www.econbiz.de/10012847367
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Good Mine, Bad Mine : Natural Resource Heterogeneity and Dutch Disease in Indonesia
Pelzl, Paul - 2019
We analyse the local effect of exogenous shocks to the value of mineral deposits at the district level in Indonesia using a panel of manufacturing plants. To the best of our knowledge, we are the first to model and estimate the effect of heterogeneity in natural resource extraction methods. We...
Persistent link: https://www.econbiz.de/10012892288
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The Political Economy of Higher Education Finance : How Information and Design Affect Public Preferences for Tuition
Lergetporer, Philipp - 2019
Public preferences for charging tuition are important for determining higher education finance. To test whether public …
Persistent link: https://www.econbiz.de/10012891050
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Pension design when fertility fluctuates : the role of capital mobility and education financing
Zamac, Jovan - 2005
fertility. The model is a three-period CGE framework where the design of the education system and effects on factor prices are … optimal if the education system has a fixed benefit rate. This design of education and pension systems assures that …
Persistent link: https://www.econbiz.de/10010261351
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Abadie's Kappa and Weighting Estimators of the Local Average Treatment Effect
Sloczynski, Tymon; Uysal, S. Derya; Wooldridge, Jeffrey M. - 2022
empirical applications to illustrate our findings. In applications to causal effects of college education using the college …
Persistent link: https://www.econbiz.de/10013291319
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How Do Subnational Governments React to Shocks to Revenue Sources? Evidence from Argentina
Besfamille, Martin; Jorrat, Diego; Manzano, Osmel; … - 2019
Using the exogenous variability in intergovernmental transfers and hydrocarbon royalties, based on the fiscal regime …-peso increase in royalties, they used 75 centavos for debt repayment. These dissimilar reactions to revenue increases are robust to … volatility of hydrocarbon royalties (relative to intergovernmental transfers) and the exhaustible nature of these revenues. …
Persistent link: https://www.econbiz.de/10012871018
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How Do Subnational Governments React to Shocks to Different Revenue Sources? Evidence from Hydrocarbon-Producing Provinces in Argentina
Besfamille, Martin; Jorrat, Diego; Manzano, Osmel; … - 2021
intergovernmental transfers and hydrocarbon royalties had on provincial public consumption and debt. From a one-peso increase in …, when hydrocarbon-producing provinces faced a one-peso increase in royalties, they saved 95 centavos. We provide evidence … that the exhaustible nature of royalties may explain this saving reaction in hydrocarbon-producing provinces …
Persistent link: https://www.econbiz.de/10013215671
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Tax Revenue Forecast Errors : Wrong Predictions of the Tax Base or the Elasticity?
Göttert, Marcell; Lehmann, Robert - 2021
In this paper, we disentangle tax revenue forecast errors into influences stemming from wrong macroeconomic assumptions and false predictions of the elasticities linking the tax base to its corresponding tax type. Across six tax types and the overall tax sum for Germany, we find a heterogeneous...
Persistent link: https://www.econbiz.de/10013222194
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The Fiscal Response to Revenue Shocks
Berset, Simon; Huber, Martin; Schelker, Mark - 2021
We study the impact of fiscal revenue shocks on local fiscal policy. We focus on the very volatile revenues from the immovable property gains tax in the canton of Zurich, Switzerland, and analyze fiscal behavior following large and rare positive and negative revenue shocks. We apply causal...
Persistent link: https://www.econbiz.de/10013249661
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Government Spending and Tax Revenue Decentralization and Public Sector Efficiency : Do Natural Disasters Matter?
Afonso, António; Jalles, João Tovar; Venâncio, Ana - 2023
We assess notably how do extreme events affect the public sector efficiency of decentralized governance. Hence, we empirically link the public sector efficiency scores, to tax revenue and spending decentralization. First, we compute government spending efficiency scores via data envelopment...
Persistent link: https://www.econbiz.de/10014356487