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. The required grant rule is generically disproportionate to the equilibrium externality (even with lump-sum taxation …
Persistent link: https://www.econbiz.de/10012779700
We study the welfare effects of a revenue-neutral green tax reform in a federation. The reform consists of increasing a tax on a polluting input and reducing that on labor income. Households are fully mobile within the federation. Regions are unequally endowed with a nonrenewable natural...
Persistent link: https://www.econbiz.de/10013024493
We study the welfare effects of a revenue-neutral green tax reform in a federation. The reform consists of increasing a tax on a polluting input and reducing that on labor income. Households are fully mobile within the federation. Regions are unequally endowed with a nonrenewable natural...
Persistent link: https://www.econbiz.de/10011210783
This paper empirically studies the impact of decentralization on foreign aid effectiveness. For this purpose, we examine a commonly used empirical growth model, considering aid modality as well as different measures of political and fiscal decentralization. Our panel estimations reveal that...
Persistent link: https://www.econbiz.de/10013069925
The literature on trade liberalization and environment has not considered federal structures. This paper shows how the …
Persistent link: https://www.econbiz.de/10013055375
This paper provides an empirical test of a principal tenet of fiscal federalism: that spending discretion, when granted …
Persistent link: https://www.econbiz.de/10013099563
governments and, thereby, enable a more precise characterization of local government behaviour in fiscal federalism …
Persistent link: https://www.econbiz.de/10012770444
This paper provides a simple political agency model to explain the effect of political alignment between different tiers of government on intergovernmental grants and election outcomes. Key features of the model are: (i) rational voters interpret public good provision as a signal of incumbent...
Persistent link: https://www.econbiz.de/10013026684
European economic integration leads to increasing factor mobility, thereby threatening the stability of social transfer … allocation of factors and the optimal level of redistribution in the presence of factor mobility. We use a fiscal competition …
Persistent link: https://www.econbiz.de/10013317279
Recent literature has emphasized that redistributive grant systems may tend to internalize fiscal externalities arising …
Persistent link: https://www.econbiz.de/10013317654