Conceived as a basic organizing principle of the democratic societies, the rule of law consecrated itself in France by its organizational principles (the existence of judicial mechanisms that subject the administrative and legislative acts to the law), formal principles (the existence of a...

This note, intended for cross-border and national investors like banks, companies, financial markets, large national and international institutions aims to answer the multiple questions on the decision-making to intervene or not in this country with lower middle income (PRITI). To paraphrase...

This paper aims at questioning the link between local finances and the economic dynamism of cities. This issue is based on the frequently stressed cases (by the media) of uncontrolled expenses of cities, increased level of local taxes and negative effects on local economics. Therefore, as a...

We investigate the development of an innovative and high-risk type of borrowing for local governments, known as structured loans. Using transaction data for more than 2,700 local governments in France, we show that the adoption of these instruments is more frequent for politicians from highly...

Bien qu'il est généralement admis en économie publique que le fossé qui sépare l'approche positive des choix publics et leur approche normative implique l'existence de possibles pareto améliorations dans les choix en matière de dépense publique, il semble que l'économiste manque...

Nous étudions l'impact des regroupements municipaux survenus au Québec entre 1992 et 1999 sur les taux de taxation effectifs et la valeur marchande des propriétés résidentielles. Nous montrons que l'effet d'un regroupement sur ces deux volets de la vie municipale est indéterminé a priori....

Cet article étudie les dépenses des départements français en distinguant le budget social du budget non social. Les demandes de biens publics locaux, sociaux et non sociaux, émanent d’un électeur contribuable décisif. Ces demandes dépendent des prix fiscaux des biens publics et du...

France has a track record of persistent general government deficits, partly reflecting pro-cyclical fiscal policies in upswings. This has resulted in a quadrupling of its public debt-to-GDP ratio since the 1970s to above 80% of GDP. Reducing public debt is crucial because a high level of public...