Similar Search Results

Asymmetric and non-linear adjustments in local fiscal policy

Legrenzi, Gabriella Deborah - 2009

We analyse the revenue-expenditure patterns of local governments, allowing for asymmetric and non-linear adjustments of local spending and taxation to disequilibrium errors. Our results provide evidence of a downward inflexibility of both local government spending and local taxation, pointing to...

Persistent link: https://www.econbiz.de/10003808136

Fiscal rules and the opportunistic behaviour of the incumbent politician : evidence from Italian municipalities

Bartolini, David; Santolini, Raffaella - 2009

Previous studies on electoral competition show that fiscal variables are manipulated by incumbent politicians in order to be re-elected. This phenomenon has been addressed by the literature on electoral budget cycle and, in a decentralised economy, by the literature on yardstick competition. Our...

Persistent link: https://www.econbiz.de/10003824978

Fiscal competition for imperfectly-mobile labor and capital : a comparative dynamic analysis

Wildasin, David E. - 2009

Interjurisdictional flows of imperfectly-mobile migrants, investment, and other productive resources result in the costly dynamic adjustment of resource stocks. This paper investigates the comparative dynamics of adjustment to changes in local fiscal policy with two imperfectly mobile productive...

Persistent link: https://www.econbiz.de/10003888053

How do local governments decide on public policy in fiscal federalism? : tax vs. expenditure optimization

Köthenbürger, Marko (contributor) - 2008

Previous literature widely assumes that taxes are optimized in local public finance while expenditures adjust residually. This paper endogenizes the choice of the optimization variable. In particular, it analyzes how federal policy toward local governments influences the way local governments...

Persistent link: https://www.econbiz.de/10003749644

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/10012420862

Identifying tax-setting responses from local fiscal policy programs

Merlo, Valeria; Schanbacher, Andreas; Thunecke, Georg; … - 2023

This paper studies tax policy interaction among local governments for both mobile and immobile tax bases. We exploit exogenous changes in the local tax setting of German municipalities due to participation in state debt reduction programs to learn about the size, scope and nature of strategic...

Persistent link: https://www.econbiz.de/10014288353

Temporary super depreciation allowances for green and digital investments

Funke, Michael; Terasa, Raphael - 2022

introduce a targeted temporary super depreciation allowance to support much-needed green and digital transitions. Using a …

Persistent link: https://www.econbiz.de/10013285588

Tax incentives and business investment : evidence from German bonus depreciation

Eichfelder, Sebastian; Schneider, Kerstin - 2014

In this paper, we use an exogenous variation in tax regulations to analyze the impact of bonus depreciation programs on … business investment. To promote economic convergence of Eastern and Western Germany after reunification, bonus depreciation tax … the theoretical literature, there is empirical evidence for strong and significant effects of the bonus depreciation …

Persistent link: https://www.econbiz.de/10010354738

The role of tax depreciation for investment decisions : a comparison of European transition countries

Nam, Chang-woon; Radulescu, Doina - 2003

This study compares incentive effects of various tax depreciation methods currently adopted in European transition … economies. In these countries straight-line, geometric-degressive and accelerated depreciation measures are quite popular in … depreciation. For this purpose, the present value model is applied under the particular consideration of different financial …

Persistent link: https://www.econbiz.de/10011514138

Effects of tax depreciation rules on firms' investment decisions in an inflationary phase : comparison of net present values in selected OECD countries

Nam, Chang-woon - 2001

This study compares incentive effects of various tax depreciation methods which are currently employed in selected OECD … countries. Their generosity is determined on the basis of Samuelson s true economic depreciation. For this purpose, the present …. Therefore, in periods with inflation generous tax depreciation provisions do not adequately promote private investment as …

Persistent link: https://www.econbiz.de/10011399561