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Does high-skilled migration affect publicly financed investments?
Grossmann, Volker; Stadelmann, David - 2012
This paper analyzes the interaction between migration of high-skilled labor and publicly financed investment. We develop a theoretical model with multiple, ex ante identical jurisdictions where individuals decide on education and subsequent emigration. Migration decisions are based on...
Persistent link: https://www.econbiz.de/10010283934
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The Dynamic Response of Municipal Budgets to Revenue Shocks
Helm, Ines; Stuhler, Jan - 2021
We study the fiscal and tax response to intergovernmental grants, exploiting quasi-experimental variation within Germany's fiscal equalization scheme triggered by Census revisions of official population counts. Municipal budgets do not adjust instantly. Instead, spending and investments adapt...
Persistent link: https://www.econbiz.de/10012597515
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Public Budget Composition, Fiscal (De)Centralization and Welfare
Arcalean, Calin; Glomm, Gerhard; Schiopu, Ioana; … - Institute for the Study of Labor (IZA) - 2007
We present a dynamic two-region model with overlapping generations. There are two types of public expenditure, education and infrastructure funding, and governments decide optimally on budget size (tax rate) and its allocation across the two outlays. Productivity of government infrastructure...
Persistent link: https://www.econbiz.de/10005703092
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The political resource curse
Brollo, Fernanda; Nannicini, Tommaso; Perotti, Roberto; … - 2010
politicians, both with theory and data. The theory is based on a version of the career concerns model of political agency with … implications of the theory and identify the causal effect of larger federal transfers on political corruption and the observed … features of political candidates at the municipal level. In accordance with the predictions of the theory, we find that larger …
Persistent link: https://www.econbiz.de/10010269401
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Public Employment and Redistributive Politics: Evidence from Russia?s Regions
Gimpelson, Vladimir; Treisman, Daniel; Monusova, Galina - 2000
Public employment grew surprisingly fast in Russia during the 1990s, at a time when total employment was falling. Most of this growth occurred in the country?s 89 regions, and rates varied among them. This paper seeks to explain this variation. Using panel data for 78 regions over 1992-1998 we...
Persistent link: https://www.econbiz.de/10010262369
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Electoral rules, political competition and fiscal expenditures: regression discontinuity evidence from Brazilian municipalities
Chamon, Marcos; de Mello, João M. P.; Firpo, Sergio - 2009
We exploit a discontinuity in Brazilian municipal election rules to investigate whether political competition has a … vote. In municipalities with more than 200,000 voters a runoff election takes place among the top two candidates if neither …
Persistent link: https://www.econbiz.de/10010275835
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Policy responses to fiscal restraints: A difference-in-discontinuities design
Grembi, Veronica; Nannicini, Tommaso; Troiano, Ugo - 2012
We evaluate the effect of relaxing fiscal rules on policy outcomes applying a quasi-experimental research design. In 1999, the Italian central government introduced fiscal rules aimed at imposing fiscal discipline on municipal governments, and in 2001 the rules were relaxed for municipalities...
Persistent link: https://www.econbiz.de/10010289910
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The different extent of privatisation proceeds in EU countries: a preliminary explanation using a public choice approach
Belke, Ansgar; Baumgärtner, Frank; Schneider, Friedrich G. - 2005
This paper empirically investigates the differences in the motives of raising privatisation proceeds for a panel of EU countries from 1990 to 2000. More specifically, we test whether privatisations can be mainly interpreted (a) as ingredients of a larger reform package of economic liberalisation...
Persistent link: https://www.econbiz.de/10010276651
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Generational Accounting as a Tool to Assess Fiscal Sustainability: An Overview of the Methodology
Bonin, Holger; Patxot, Concepció - 2004
The paper surveys the methodology of generational accounting, a tool for gauging intertemporal imbalance in government finances facing demographic transition. Starting from the fiscal balance rule providing the theoretical background, we review the methods of generational accountants for...
Persistent link: https://www.econbiz.de/10010261763
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Input versus Output Taxation in an Experimental International Economy
Riedl, Arno; van Winden, Frans - 2004
This paper is concerned with a policy oriented macroeconomic experiment involving an 'international' economy with a relatively small 'home' country and a large 'foreign' country. It compares the economic performance of two alternative tax systems as a means to finance unemployment benefits: a...
Persistent link: https://www.econbiz.de/10010262084