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data on 38 countries from 1963-2000, there is clear convergence in the consumption of wine relative to beer between 1963 … and 2000. Convergence occurs even more quickly within groups of countries that have a higher degree of integration. A key … converging, several Latin American countries fail to converge. The patterns of convergence are consistent with dynamics of …
Persistent link: https://www.econbiz.de/10010322694
; ii) trade liberalization does not lead to convergence, it reinforces the cultural-institutional differences upon which …
Persistent link: https://www.econbiz.de/10010287852
This paper surveys the state of fiscal federalism in India, in the broader context of decentralization. We begin with an overview of the basic features and recent developments in intergovernmental fiscal relations, including the role of political institutions, the specifics of legislative and...
Persistent link: https://www.econbiz.de/10010285343
Phoenix and neighboring municipalities, like many in the South and West, pursued a growth strategy based on annexation in the decades after World War II. This paper explores the link between annexation and competition for tax revenues. After discussing arguments for annexation, it traces the...
Persistent link: https://www.econbiz.de/10010287804
Under most U.S. environmental regulations, the federal government shares responsibility with the states by authorizing them to implement and enforce federal policies. Authorization provides states with considerable discretion over the effects of regulation and is perhaps the most significant...
Persistent link: https://www.econbiz.de/10010318356
Decentralisation of decision-making in active labour market policy makes it possible to use local information to the fullest, but may also impinge on the fulfilment of national objectives, as suggested by principal-agent theory. The purpose of this study is to examine the effects of a Swedish...
Persistent link: https://www.econbiz.de/10010321009
In this paper, we develop an empirical framework for detecting the existence and estimating the magnitude of the softness of a budget constraint. The defining feature of a soft budget constraint is a subordinate organization's expectations of being bailed out by a superior organization in case...
Persistent link: https://www.econbiz.de/10010321614
This paper analyzes the process of reform of India's federal system, with a focus on fiscal federalism. We first summarize the basic features of, and recent reforms in intergovernmental relations, including the role of political institutions, assignments of expenditure responsibility and revenue...
Persistent link: https://www.econbiz.de/10010322727
Given the trend towards more active policies on reducing the take-up of welfare benefits, the consequences of leaving welfare on individual well-being constitutes a significant issue. This paper studies the disposable income and poverty among welfare leavers in Sweden during 19 years...
Persistent link: https://www.econbiz.de/10010321105
benchmark model of sovereign default and direct creditor sanctions by Obstfeld and Rogoff (1996). In their model it is in the …
Persistent link: https://www.econbiz.de/10010278280