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Expenditure Competition
Gordon, Roger H. - 2001
response. In this paper, we explore the effect that competition for residents induced by fiscal decentralization has on 'waste … an additional advantage of fiscal decentralization …
Persistent link: https://www.econbiz.de/10012470537
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Endogenous Decentralization in Federal Environmental Policies
Chang, Howard - 2007
between the federal and state governments in such a scheme of partial decentralization. Our model suggests that the …
Persistent link: https://www.econbiz.de/10012465415
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Decentralization in Developing Economies
Gadenne, Lucie - 2013
Standard models of fiscal federalism suggest many benefits of decentralization in developing economies, and there has … been a recent push toward decentralization around the world. However, developing countries presently still have less … decentralization, particularly on the revenue side, than both developed countries today and the United States and Europe historically …
Persistent link: https://www.econbiz.de/10012459259
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From Lapdogs to Watchdogs : Random Auditor Assignment and Municipal Fiscal Performance
Vannutelli, Silvia - National Bureau of Economic Research - 2022
A classic problem in public finance is the over-expenditure of local governments in expectation of a bailout from higher-level administrations. While monitoring could mitigate agency problems, it can itself be rendered ineffective if auditors are corruptible. I evaluate whether limiting...
Persistent link: https://www.econbiz.de/10013462692
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The Neoclassical Growth of China
Fernández-Villaverde, Jesús; Ohanian, Lee E.; Yao, Wen - National Bureau of Economic Research - 2023
This paper studies China's four-fold increase in per capita GDP relative to the U.S. between 1995 and 2019. First, we argue that China's growth pattern is very similar to that of several other East Asia economies that initially grew very quickly. Second, we show that a minimalist...
Persistent link: https://www.econbiz.de/10014322739
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Inequality and Measured Growth
Oberfield, Ezra - National Bureau of Economic Research - 2023
Compared to a half-century ago, inequality in the United states has risen and measured productivity growth has fallen. Concerns about rising inequality have been exacerbated by the observation that prices of goods consumed by the poor have risen faster than prices of goods consumed by the rich....
Persistent link: https://www.econbiz.de/10014248014
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Limits to Competition : Strategies for Promoting Jurisdictional Cooperation
Agrawal, David R. - National Bureau of Economic Research - 2023
Inefficiencies from tax competition may result in governments seeking to limit fiscal competition via tax treaties, harmonization, minimum tax rates, or interjurisdictional cooperation. I propose a general model applicable to studying many types of taxing instruments, which allows for the...
Persistent link: https://www.econbiz.de/10014372417
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Fiscal Federalism and the Role of the Income Tax
Gordon, Roger H. - National Bureau of Economic Research - 2023
This paper rethinks the design of the income tax by assuming that the objective of the tax is not to redistribute from rich to poor but instead to provide some insurance to individuals against the uncertainties they face in their future earnings, a motivation for the tax proposed in Buchanan...
Persistent link: https://www.econbiz.de/10014421180
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Intergenerational Fiscal Constitutions : How to Protect Future Generations Using Land Taxes and Federalism
Conley, John P. - 2001
This paper studies how to design a fiscal constitution that, by capitalizing intergenerational spillovers into land values, is able to protect future generations from expropriation and to generate optimal investment in intergenerational public goods. In particular, we study how to accomplish...
Persistent link: https://www.econbiz.de/10012470326
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The Budgetary Repercussions of Capital Convictions
Baicker, Katherine - 2001
Control of public spending and revenues is increasingly being left to states and localities. In order to understand the consequences of such a movement on the distribution of social spending, it is necessary to understand how fiscal distress will affect state and local budgets. This paper...
Persistent link: https://www.econbiz.de/10012470338