Showing 1 - 10 of 150
paper compares three regimes (centralization, decentralization and federalism) in an economy where individuals choose their … move from decentralization to federalism, called moral federalism, is welfare improving behind the veil of ignorance if and … only if centralization dominates decentralization, and (ii) for the group that favors a restrictive policy moral federalism …
Persistent link: https://www.econbiz.de/10011450084
Fiscal federalism concerns the division of policy responsibilities among different levels of government. Many current … favorable to fiscal federalism, yet countries are further decentralizing their fiscal systems. We summarize the efficiency and … equity aspects fiscal decentralization, fiscal competition, fiscal externalities, and intergovernmental grants. The survey …
Persistent link: https://www.econbiz.de/10014477792
This paper examines capital tax competition in the presence of an interstate transfer policy without federal commitment. Lack of commitment implies that tax policy is chosen prior to federal transfers. The paper s main result is that ex-post federal policy internalizes horizontal fiscal...
Persistent link: https://www.econbiz.de/10011507899
economics and public finance may have to say on the limits to institutional decentralization, i.e. on the choice between federal …
Persistent link: https://www.econbiz.de/10011409762
Employing a political-economics approach, this paper compares small states and unions when the former fail to internalize cross-border externalities of publicly provided goods. It discusses two types of unions: federations with more than one level of government and unitary states. While unitary...
Persistent link: https://www.econbiz.de/10011409985
This paper overviews theoretical and empirical contributions that study political borders from an economic perspective. It reviews theories of the number and size of nations focused on the trade-off between economies of scale in public-good provision and heterogeneity of preferences over public...
Persistent link: https://www.econbiz.de/10013473678
. Building on insights provided by the “second generation” wave of research on fiscal federalism, this paper proposes a unified … model to account for this. The idea is that decentralization serves as a commitment device to ensure that ex post chose … the decentralization process in China in 1980-1990s, as well as the fact that government decentralization is generally …
Persistent link: https://www.econbiz.de/10010356365
decentralization, federalism, and aggregate decentralization. Our results show that fiscal and administrative decentralization are …Adding to the literature on the effects of government decentralization, this paper uses a large sample of individual … study the relative influences of different types of decentralization, including fiscal decentralization, administrative …
Persistent link: https://www.econbiz.de/10011515296
This paper analyzes the impact of fiscal federalism on income inequality and redistribution. Theoretically … setting in Switzerland to study the issue empirically. According to our findings tax decentralization tends to reduce … consider the interdependence of decentralization and fragmentation as inequality decreasing effects of decentralization are …
Persistent link: https://www.econbiz.de/10011942832
A standard result in the literature on environmental economics is that efficient environmental policies regulating transboundary pollution will be adopted only if there is interjurisdictional coordination. Efficient policies can be adopted as a result of interregional treaties or mandated by a...
Persistent link: https://www.econbiz.de/10011398882