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Offsetting risk in a neoliberal environment: The link between asset-based welfare and NIMBYism
Record, Matthew C. - In: Journal of Risk and Financial Management 14 (2021) 11, pp. 1-21
Affordable housing policy in the developed world has been undergoing a systematic commodification for several decades … rational behavior, even as it simultaneously staunches the supply of new housing and drives up prices for non-homeowners. As … for commodified housing, asset-based welfare, and the intractable political problem of NIMBYism. …
Persistent link: https://www.econbiz.de/10013201230
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Measuring Housing Affordability in the Philippines
Magno-Ballesteros, Marife; Ramos, Tatum P.; Ancheta, … - 2022
Understanding housing affordability is key to addressing the housing problem. This study evaluates housing … percent of income standard that is commonly used as a measure of housing affordability in the country. The authors note that … the 30 percent of income standard overestimates housing affordability among the poor and underestimates among those in the …
Persistent link: https://www.econbiz.de/10014485048
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Revenue decentralization, central oversight and the political budget cycle: Evidence from Israel
Baskaran, Thushyanthan; Blesse, Sebastian; Brender, Adi; … - 2015
This paper examines whether revenue decentralization and direct external financial supervision affect the incidence and strength of political budget cycles, using a panel of Israeli municipalities during the period 1999-2009. We find that high dependence on central government transfers - as...
Persistent link: https://www.econbiz.de/10011301339
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Are Voters Rationally Ignorant? An Empirical Study for Portuguese Local Elections
da Silva Costa, José; Silva, Ester Gomes - 2004
The application of the rational choice postulate to a political context invariably leads to the conclusion that most voters are ill informed when making the decision for whom to vote. In this paper, the authors do an empirical evaluation of the rational ignorance theory, based on the results of...
Persistent link: https://www.econbiz.de/10011318751
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Political business cycles at the municipal level
Veiga, Linda; Veiga, Francisco - 2004
The political article tests for rational political business cycles models on an unexplored and large data set of Portuguese municipalities. This data allows for a clean test of the models due to its high level of detail on expenditure items, an exogenous fixed election schedule and the...
Persistent link: https://www.econbiz.de/10011318937
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Explaining budgetary indiscipline: evidence from spanish municipalities
Lago-Peñas, Ignacio; Lago-Peñas, Santiago - 2004
The quest for political support drives to upward deviations from forecasted public deficits when i) budget procedures are soft, ii) breaking promises involving higher expenditures and lower taxes is costly in political terms, and iii) ex–post control by voters and political opposition is...
Persistent link: https://www.econbiz.de/10011319028
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Assist or desist? Conditional bailouts and fiscal discipline in local governments
Dietrichson, Jens; Ellegård, Lina Maria - 2013
Whenever a central government faces a sub-unit in financial distress, the unpleasant question arises of whether to assist the unit or not. On the one hand, resisting to bail out the unit may lead to default or bankruptcy, which could be very costly both economically and politically. On the other...
Persistent link: https://www.econbiz.de/10011397415
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Investing in Local Roads for Economic Growth
Llanto, Gilberto M. - 2011
Local road investments work for growth and poverty reduction in local areas. The paper highlights the importance of investing in local roads and directs attention to the critical role of local government units (LGUs) in improving the local road network. Raising additional monies to fund local...
Persistent link: https://www.econbiz.de/10011421229
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Collective Lobbying in Politics: Theory and Empirical Evidence from Sweden
Liang, Che-Yuan - 2008
This paper first formulates a model of how the politicians in a local government collectively lobby to raise intergovernmental grants to their local government. The model identifies a relationship between council size and grants received. I then study this relationship empirically using the...
Persistent link: https://www.econbiz.de/10010321552
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Is There an Incumbency Advantage or a Cost of Ruling in Proportional Election Systems?
Liang, Che-Yuan - 2007
This paper investigates the effect of political representation on the electoral outcome at the party level in a proportional multiparty election system using data from Swedish local government elections. There are two notions of representation in a council; the first is to hold seats, and the...
Persistent link: https://www.econbiz.de/10010321553