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The paper reconsiders the theory of fiscal federalism in a framework inspired by property-rights theory. We set up a …
Persistent link: https://www.econbiz.de/10004968436
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
André W. Heinemann, Universität Bremen, sieht die Chance, die bundesstaatliche Finanzverteilungsarchitektur durch den Abbau heute nicht mehr begründbarer Finanzströme zu entrümpeln, durch die Bündelung gleichgerichteter Finanzströme zu vereinfachen und durch Reduzierung des...
Persistent link: https://www.econbiz.de/10010877467
The research objectives aim to analyze the advantages and the disadvantages of the fiscal federalism, in order to … federalism could have an important impact on the economic and political level in EU, but mostly in member states, in order to … consolidation. Fiscal federalism can bring to Romania advantages towards accessing more European funds and achieving budgetary …
Persistent link: https://www.econbiz.de/10010721101
federalism concept, focusing on the benefits of the “economics of multi-level governance”. Fiscal federalism is presented as a …
Persistent link: https://www.econbiz.de/10011106083
The present paper summarizes the main characteristics of the Eurozone institutional setup and the related economic and political incentives that drive Eurozone governments to increase their public debts, disregarding the limits agreed in the European treatises. The first part of the paper...
Persistent link: https://www.econbiz.de/10010878472
Based on a synthetic literature review, the present article summarizes the main characteristics of the Eurozone institutional setup and the related economic and political incentives that drive Eurozone governments to increase their public debts, disregarding the limits agreed in the European...
Persistent link: https://www.econbiz.de/10010721103
Ecofin and Oecd methodology is used to reconstruct the historical evolution of public current health care expenditure for Italy and Lazio (an Italian Region). The reconstructed evolutions allow to detect what have been the per-capita expenditures per age brackets in absolute values (Euro) in...
Persistent link: https://www.econbiz.de/10011108541
federalism. Statistical measures of financial independence of territorial self-government entities and their restrictions have …
Persistent link: https://www.econbiz.de/10010732680
This paper argues that in response to contemporary challenges, the federal governance structure in India requires fine-tuning. A directional shift is required from a cooperative model to a collaborative model of federal governance in view of various endogenous and exogenous imperatives of...
Persistent link: https://www.econbiz.de/10011262874