Showing 1 - 10 of 205
This study assesses fiscal sustainability in contemporary Spain at the regional level. Spain consists of 17 autonomous …
Persistent link: https://www.econbiz.de/10010337588
In a monetary union, the interaction between several governments and a single central bank is plagued by several sources of deficit bias, including common pool problems. Each government has strong preferences over local spending and taxation but suffers only part of the costs of union-wide...
Persistent link: https://www.econbiz.de/10011434438
We extend the literature on local income tax competition by allowing for inter-jurisdictional spillovers and imperfect rivalry in consumption of a publicly provided good. Comparing decentralized second-best results of a theoretical model with an efficient benchmark, we identify three...
Persistent link: https://www.econbiz.de/10011436089
) provides little evidence that budget constraints at the cantonal level affect municipal finances and fiscal decentralization …
Persistent link: https://www.econbiz.de/10010424734
We consider a country whose government provides a bundle of goods and services through a multi-tier administrative organization. We compare the optimal architectures of public governance (i.e. the division of the state into several tiers, the distribution of services among them, their number of...
Persistent link: https://www.econbiz.de/10011903798
decentralization reform, politicians with different skills are elected in municipalities characterized by different levels of … difference in the tax base, following the decentralization reforms of the '90s. Results strongly support our predictions and are …
Persistent link: https://www.econbiz.de/10010199692
This paper studies the equilibrium effects of local fiscal autonomy accounting for benefits from self-determination. It proposes a quantifiable structural equilibrium framework in which imperfectly mobile heterogeneous households sort themselves across jurisdictions under endogenous public good...
Persistent link: https://www.econbiz.de/10012694121
equity aspects fiscal decentralization, fiscal competition, fiscal externalities, and intergovernmental grants. The survey …
Persistent link: https://www.econbiz.de/10014477792
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 decentralization often hampers the degree of fiscal responsiveness, potentially …
Persistent link: https://www.econbiz.de/10014543839
health system decentralization: Italy and Spain. We estimate, decompose, and run counterfactual analysis of regional …Does regional decentralization threaten the commitment to regional equality in government outcomes? We attempt to shed … health care decentralization in both countries. We find no evidence of increase in regional inequalities in outcomes and …
Persistent link: https://www.econbiz.de/10011497899