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Beyond the centre : tracing decentralization’s influence on time-varying fiscal sustainability
Afonso, António; Alves, José; Jalles, João Tovar; … - 2024
This paper explores the nuanced relationship between fiscal decentralization and fiscal sustainability. Employing panel … data analyses, it scrutinizes how decentralization influences fiscal discipline across different governmental levels …. Results for 185 countries show that while tax decentralization often hampers the degree of fiscal responsiveness, potentially …
Persistent link: https://www.econbiz.de/10014543839
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Government spending and tax revenue decentralization and public sector efficiency : do natural disasters matter?
Afonso, António; Jalles, João Tovar; Venâncio, Ana - 2023
empirically link the public sector efficiency scores, to tax revenue and spending decentralization. First, we compute government … estimate the effect of decentralization on public sector efficiency and how extreme natural disasters mediate this relationship …. The sample covers 36 OECD countries between 2006 and 2019. Our results show that tax revenue decentralization decreases …
Persistent link: https://www.econbiz.de/10014280082
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Government Spending and Tax Revenue Decentralization and Public Sector Efficiency : Do Natural Disasters Matter?
Afonso, António; Jalles, João Tovar; Venâncio, Ana - 2023
empirically link the public sector efficiency scores, to tax revenue and spending decentralization. First, we compute government … estimate the effect of decentralization on public sector efficiency and how extreme natural disasters mediate this relationship …. The sample covers 36 OECD countries between 2006 and 2019. Our results show that tax revenue decentralization decreases …
Persistent link: https://www.econbiz.de/10014356487
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Government Spending and Tax Revenue Decentralization and Public Sector Efficiency : Do Natural Disasters Matter?
Afonso, António; Jalles, João Tovar; Venâncio, Ana - 2023
empirically link the public sector efficiency scores, to tax revenue and spending decentralization. First, we compute government … estimate the effect of decentralization on public sector efficiency and how extreme natural disasters mediate this relationship …. The sample covers 36 OECD countries between 2006 and 2019. Our results show that tax revenue decentralization decreases …
Persistent link: https://www.econbiz.de/10014344718
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Economic Performance and Government Size
Afonso, António - 2011
We construct a growth model with an explicit government role, where more government resources reduce the optimal level of private consumption and of output per worker. In the empirical analysis, for a panel of 108 countries from 1970-2008, we use different proxies for government size and...
Persistent link: https://www.econbiz.de/10013119076
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Beyond the Centre: Tracing Decentralization's Influence on Time-varying Fiscal Sustainability
Afonso, António; Alves, José; Jalles, João Tovar; … - 2024
This paper explores the nuanced relationship between fiscal decentralization and fiscal sustainability. Employing panel … data analyses, it scrutinizes how decentralization influences fiscal discipline across different governmental levels …. Results for 185 countries show that while tax decentralization often hampers the degree of fiscal responsiveness, potentially …
Persistent link: https://www.econbiz.de/10014574299
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Public Debt and Economic Growth in Brazil
Afonso, António; Gadelha, Sergio; Silva, Agatha - 2021
This paper provides new insights on the relationship between public debt and economic growth in Brazil. We used Granger causality tests, in multivariate and bivariate analyses using respectively VEC and ARDL methodologies, and monthly data over the period 1998:1-2019:11. We find that: i)...
Persistent link: https://www.econbiz.de/10013244346
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Public Debt and Economic Growth in Brazil
Afonso, António; Gadelha, Sergio; Silva, Agatha - 2020
This paper provides new insights on the relationship between public debt and economic growth in Brazil. We used Granger causality tests, in multivariate and bivariate analyses using respectively VEC and ARDL methodologies, and monthly data over the period 1998:1-2019:11. We find that: i)...
Persistent link: https://www.econbiz.de/10014090154
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Fiscal decentralization and public sector efficiency : do natural disasters matter?
Afonso, António; Jalles, João Tovar; Venâncio, Ana - In: Economic modelling 137 (2024), pp. 1-13
Persistent link: https://www.econbiz.de/10014549223
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Fiscal Regime Shifts in Portugal
Afonso, António; Claeys, Peter; Sousa, Ricardo M. - 2009
We estimate changes in fiscal policy regimes in Portugal with a Markov Switching regression of fiscal policy rules for the period 1978-2007, using a new dataset of fiscal quarterly series. We find evidence of a deficit bias, while repeated reversals of taxes making the budget procyclical....
Persistent link: https://www.econbiz.de/10014202433