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Persson and Tabellini (2003) show that presidential regimes and majoritarian election systems have important effects on fiscal policy, government effectiveness and productivity. Here, their dataset is extended in a number of ways: the number of countries included is increased from 85 to up to...
Persistent link: https://www.econbiz.de/10013317083
Federalism is a constitutionalized version of multi-tier governance. Proponents of veto-player theory argue that a high … same time, with a higher number of governments under federalism, there are more chances that some of them will not comply … countries and apply standard panel data estimation techniques. Contrary to expectations, our results indicate that federalism is …
Persistent link: https://www.econbiz.de/10014526071
Persson and Tabellini (2003) show that presidential regimes and majoritarian election systems have important effects on fiscal policy, government effectiveness and productivity. Here, their dataset is extended in a number of ways: the number of countries included is increased from 85 to up to...
Persistent link: https://www.econbiz.de/10010264145
Measurement of both federalism and decentralization has been contentious. We introduce three new indicators reflecting … important aspects of both federalism and decentralization. The three new indicators are the result of principal component … evidence that it is important to distinguish between federalism and decentralization, if one is interested in ascertaining …
Persistent link: https://www.econbiz.de/10011642910
The economic effects of federalism are unclear: some papers find that federalism has strong positive effects on a … for federalism used. In this paper, we critically survey the existing indicators for both federalism and fiscal … decentralization. We argue that federalism is a constitutional institution whereas decentralization is (the outcome of) a policy choice …
Persistent link: https://www.econbiz.de/10010265879
federalism by employing a simple dummy variable neglect potentially important institutional details. Based on a principal … component analysis, seven aspects of both federalism and decentralization are used as variables for explaining differences in (1 … institutional details do, indeed, matter. Different aspects of federalism impact on the outcome variables to different degrees. This …
Persistent link: https://www.econbiz.de/10010271861