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The main features of China’s current sub-national finance arrangements date back to the 1994 tax reform. China has a multi-level government structure that shares national tax revenues through a system of tax sharing and transfers, and divides spending assignments and responsibilities. Local...
Persistent link: https://www.econbiz.de/10011276970
Substantial fiscal consolidation was achieved under the aegis of the 2003 Fiscal Responsibility and Budget Management Act. While deficits widened anew in 2008 and 2009, against the backdrop of the global financial and economic crisis, efforts to reduce them have resumed since. To ensure...
Persistent link: https://www.econbiz.de/10009364448
Raising the effectiveness of Italy’s public sector is more urgent than ever. It will be key to revive investment and productivity and improve access to quality public services for the most vulnerable. The quality of public goods and services is variable, weakening Italy’s resilience to...
Persistent link: https://www.econbiz.de/10012801202
Finnish municipalities enjoy ample fiscal autonomy and provide or arrange the provision of a large share of public services. In recent years, their spending and debt has been increasing steadily, especially because of population ageing and increases in the cost of health care and social...
Persistent link: https://www.econbiz.de/10011276871
levels – and conversely, how much regional differentiation of services it will tolerate in pursuit of higher efficiency …
Persistent link: https://www.econbiz.de/10005046053
This paper uses a stratified sample of firms across OECD economies over the period 1996-2004 to analyse the effects of corporate taxes on productivity and investment. Applying a differences-in-differences estimation strategy which exploits differential effects of corporate taxes on firms with...
Persistent link: https://www.econbiz.de/10012444515
Business investment in OECD countries has remained weak, in particular since the 2008 global financial crisis. At the same time, the cost of capital has significantly and steadily decreased over the last thirty years, reflecting a fall in both interest rates and corporate tax rates. This raises...
Persistent link: https://www.econbiz.de/10014435772
This paper uses a stratified sample of firms across OECD economies over the period 1996-2004 to analyse the effects of corporate taxes on productivity and investment. Applying a differences-in-differences estimation strategy which exploits differential effects of corporate taxes on firms with...
Persistent link: https://www.econbiz.de/10005046045
of hospital efficiency to be carried out. This paper, therefore, relies on selected evidence to compare hospital … efficiency in a subset of OECD countries, based on three different approaches relying on, respectively: i) unit costs for … standard hospital treatments; ii) overall efficiency levels in a set of paired countries; iii) within-country dispersion in …
Persistent link: https://www.econbiz.de/10012446148
In many industries, competition is far from perfect and managerial efficiency (or a fixed cost) varies among firms … imperfect competition and managerial efficiency are important. However, the magnitude of the bias is not large ... …
Persistent link: https://www.econbiz.de/10012446897