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Fiscal Rules, Bailouts, and Reputation in Federal Governments
Dovis, Alessandro - 2017
Expectations of transfers by central governments incentivize overborrowing by local governments. In this paper, we ask if fiscal rules can reduce overborrowing if central governments cannot commit. We study a model in which the central government's type is unknown and show that fiscal rules...
Persistent link: https://www.econbiz.de/10012945158
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Fiscal Federalism and Legislative Malapportionment : Causal Evidence from Independent But Related Natural Experiments
Galiani, Sebastian - 2014
We exploit three natural experiments in Argentina in order to study the role of legislative malapportionment on the biased federal tax sharing scheme prevalent in the country. We do not find support to attribute it to legislative malapportionment during periods when democratic governments were...
Persistent link: https://www.econbiz.de/10013056579
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Congressional Distributive Politics and State Economic Performance
Levitt, Steven D.; Poterba, James M. - 2021
This paper tests several theories of the effects of congressional representation on state economic growth. States that were represented by very senior Democratic congressmen grew more quickly during the 1953-1990 period than states that were represented by more junior congressional delegations....
Persistent link: https://www.econbiz.de/10013226176
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Education, Welfare, and the "New" Federalism : State Budgeting in a Federalist Public Economy
Craig, Steven G.; Inman, Robert P. - 2021
President Reagan's proposal for a "New Federalism" raises a fundamental challenge to our current structure of Federal …-state-local fiscal relations.This research examInes the lIkely consequences of the New Federalism for fiscal allocations by state … and more on tax relief and the numerous other state activities. Second, the New Federalism, as it relaxes the spending …
Persistent link: https://www.econbiz.de/10013234083
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Assistance to the Poor in a Federal System
Brown, Charles; Oates, Wallace E. - 2021
This paper explores the roles of different levels of government in assisting the poor. Using a model with utility interdependence, the paper presents some theoretical results on how levels of poor relief vary with the extent of mobility of the poor under both centralized and decentralized...
Persistent link: https://www.econbiz.de/10013213096
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Evaluating the Efficiency and Equity of Federal Fiscal Equalization
Albouy, David - 2010
In theory, federal transfers that make household location decisions efficient should ignore local cost differences, subsidize positive externalities, and offset differences in federal-tax payments and local taxes levied on non-residents, but not local tax revenues from residents. Transfers that...
Persistent link: https://www.econbiz.de/10013141358
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The Mortality Cost of Political Connections
Fisman, Raymond J. - 2015
We study the relationship between the political connections of Chinese firms and workplace fatalities. In our preferred specification we find that the worker death rate for connected companies is two to three times that of unconnected firms (depending on the sample employed), a pattern that...
Persistent link: https://www.econbiz.de/10013021025
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Globalization and its (Dis-)Content : Trade Shocks and Voting Behavior
Dippel, Christian - 2015
We identify the causal effect of trade-integration with China and Eastern Europe on voting in Germany from 1987 to 2009 …
Persistent link: https://www.econbiz.de/10013009918
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Factions in Nondemocracies : Theory and Evidence from the Chinese Communist Party
Francois, Patrick - 2016
Communist Party (CCP), the governing political party of the People's Republic of China. Our empirical analysis ranges from the …
Persistent link: https://www.econbiz.de/10012980195
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Federalism with and Without Political Centralization : China Versus Russia
Blanchard, Olivier J.; Shleifer, Andrei - 2021
In China, local governments have actively contributed to the growth of new firms. In Russia, local governments have … question then is why this has not happened in China. We argue that the answer lies in the degree of political centralization … present in China, but not in Russia. Transition in China has taken place under the tight control of the communist party. As a …
Persistent link: https://www.econbiz.de/10013231568