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Federal, state, and local governments: Evaluating their separate roles in US growth

Higgins, Matthew J.; Young, Andrew T.; Levy, Daniel - 2008

We use US county level data (3,058 observations) from 1970 to 1998 to explore the relationship between economic growth and the extent of government employment at three levels: federal, state and local. We find that increases in federal, state and local government employments are all negatively...

Persistent link: https://www.econbiz.de/10010336011

An Empirical Investigation of the Strategic Use of Debt

Pettersson, Per - 1999

In this paper I test two models of strategic debt behavior. The general idea is that if a government anticipates the … possibility of defeat in the next election it will try to use the debt strategically in order to influence the policy of its … successor. Previous empirical studies have either rejected the strategic explanation of debt or have not been able to isolate …

Persistent link: https://www.econbiz.de/10010321712

Fiscal Sustainability in Emerging Market Countries with an Application to Ecuador

Alvarado, Carlos Díaz; Izquierdo, Alejandro; Panizza, Ugo - 2004

This paper surveys the recent literature on fiscal sustainability, with particular emphasis on emerging market countries. It discusses the main elements that differentiate emerging market countries from industrial countries and then discusses how probabilistic models can help to evaluate fiscal...

Persistent link: https://www.econbiz.de/10010327194

New Zealand’s Thin Capitalisation Rules and the Adoption of International Financial Reporting Standards in New Zealand

Nethercott, Les - 2012

Act 2004. The rules rely upon values taken from a taxpayer's financial statements to determine the taxpayer's debt …

Persistent link: https://www.econbiz.de/10013107298

How Do Firms Manage Their Earnings Forecast Strategy? A New Zealand Study

Dunstan, Keitha L. - 2012

In contrast to the trend of research investigating why firms decide to release earnings forecasts to pre-empt any expected change in earnings, our study investigates how firms manage their earnings forecast strategy once they have decided to release earnings forecasts. Using a sample of 350...

Persistent link: https://www.econbiz.de/10013107302

Tax Design Insights from the New Zealand Goods and Services Tax (GST) Model

Dickson, Ian L - 2012

The editors of the Mirrlees Review asked us to evaluate the UK VAT and the European Union VAT Directive and compare them to the New Zealand VAT model, which is called GST (Goods and Services Tax). At first sight, this brief might seem strange. After all, the VAT is a European invention that has...

Persistent link: https://www.econbiz.de/10013107303

The Production of Legitimacy in New Zealand Local Government Auditing

Colquhoun, Philip - 2012

This paper expands our understanding of the introduction of new audit arrangements in the public sector by looking at three cases relating to the audit of local government. The first case saw the Audit Office replacing the elected auditors as the sole auditor of municipalities in 1886; the second...

Persistent link: https://www.econbiz.de/10013108543