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Dams and Intergovernmental Transfer: Balancing Local Interests in China
Bao, Xiaojia
Large-scale dams are controversial public infrastructure projects due to the unevenly distributed benefits and losses to local regions. The central government can make redistributive fiscal transfers to attenuate the impacts and reduce the inequality among local governments, but whether...
Persistent link: https://www.econbiz.de/10010892133
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Consumption smoothing in a balanced budget regim
Persson, Lovisa - 2013
I investigate consumption smoothing (sensitivity) under a balanced budget rule in Swedish municipalities. In general, I find Swedish municipalities to be highly consumption sensitive during the time period 2001-2011 when the BBR was in place. A one percentage increase in predicted current...
Persistent link: https://www.econbiz.de/10011396718
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Strategic competition in Swedish local spaneding on childcare, schooling and care for the elderly
Edmark, Karin - 2007
This study tests for strategic competition in public spending on childcare and primary education, and care for the elderly, using panel data on Swedish municipalities over 1996-2005. The high degree of decentralization in the organization of the public sector implies that Swedish data is highly...
Persistent link: https://www.econbiz.de/10010317929
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How local are local governments? Heterogeneous effects of intergovernmental grants
Nilsson, Heléne L. - 2009
While the literature on how intergovernmental grants affect the budget of receiving jurisdictions is numerous, the very few studies that explicitly deal with likely endogeneity problems focus on grants targeted towards specific sectors or to specific type of recipients. The results from these...
Persistent link: https://www.econbiz.de/10010321444
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Strategic Competition in Swedish Local Spending on Childcare, Schooling and Care for the Elderly
Edmark, Karin - 2007
This study tests for strategic competition in public spending on childcare and primary education, and care for the elderly, using panel data on Swedish municipalities over 1996-2005. The high degree of decentralization in the organization of the public sector implies that Swedish data is highly...
Persistent link: https://www.econbiz.de/10010321619
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Using a discontinuous grant rule to identify the effect of grants on local taxes and spending
Dahlberg, Matz; Mörk, Eva; Rattsø, Jørn; Ågren, Martin - 2006
When investigating the effects of federal grants on the behavior of lower-level governments, it is hard to defend the handling of grants as an exogenous factor affecting local governments; federal governments often set grants based on characteristics and performance of local governments. In this...
Persistent link: https://www.econbiz.de/10010321636
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The Veblen-Gerschenkron Effect of FDI in Mezzogiorno and East Germany
Urban, Dieter M.; Peri, Giovanni - 2002
spillovers from MNEs to local firms is known as the Veblen Geschenkron effect. Rather than the overall density of MNE in a region …
Persistent link: https://www.econbiz.de/10010276891
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Return and volatility spillovers among the East Asian equity markets
Yilmaz, Kamil - 2009
This article examines the extent of contagion and interdependence across the East Asian equity markets since early 1990s and compares the ongoing crisis with earlier episodes. Using the forecast error variance decomposition from a vector autoregression, we derive return and volatility spillover...
Persistent link: https://www.econbiz.de/10010277265
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How important are spillovers from major emerging markets?
Huidrom, Raju; Kose, M. Ayhan; Ohnsorge, Franziska - 2017
. Given their size and integration, growth in EM7 could have significant cross-border spillovers. We provide empirical … estimates of these spillovers using a Bayesian vector auto regression model. We report three main results. First, spillovers …. Second, sizeable as they are, spillovers from EM7 are still smaller than those from G7 countries (Group of Seven of advanced …
Persistent link: https://www.econbiz.de/10012060228
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Foreign direct investment and R&D offshoring
Gersbach, Hans; Schmutzler, Armin - 2006
causes a relocation of R&D activities if intrafirm communication is sufficiently well developed, external spillovers are …
Persistent link: https://www.econbiz.de/10010315533