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This paper analyzes the impact of decentralization on overall fiscal performance in the European Union, taking into account fiscal institutional arrangements. We find that spending decentralization has been associated with sizably better fiscal performance, especially when transfer dependency of...
Persistent link: https://www.econbiz.de/10009654158
Austria’s federal system comprises the federal government and nine provinces (Länder). The federal system is rather centralized by international standards, with the federal government (including social security funds) accounting for about 70 percent of general government spending, the...
Persistent link: https://www.econbiz.de/10011244961
This paper describes the institutional changes that have induced a decline in the vertical fiscal imbalance (VFI) - defined as the share of sub-national own spending not financed through own revenues - in four European countries: Belgium, Italy, Norway, and Spain. The decline in VFI was achieved...
Persistent link: https://www.econbiz.de/10010790291
Countries have adopted various institutional responses to subnational government borrowing. Using a sample of 44 countries 1982-2000, this paper provides a panel data analysis to determine the most effective borrowing constraints for containing local fiscal deficits. The results suggest that no...
Persistent link: https://www.econbiz.de/10005264111
weitere Reformen der Finanzverfassung. In der vorliegenden Arbeit wird eine stärker an der Wirtschaftskraft orientierte … wird ein vereinfachter Finanzausgleich (ohne Umsatzsteuer-Vorwegausgleich und Bundesergänzungszuweisungen) mit einem …The reform of fiscal federalism in Germany enacted in 2006 has focussed on separating the joint legislation process …
Persistent link: https://www.econbiz.de/10005083040
Argentina has committed itself to a reform of its revenue-sharing system. This paper examines this system and the issues involved in its redesign, and discusses the pros and cons of various options with a view to specifying a preferred approach.
Persistent link: https://www.econbiz.de/10005826288
The question of what makes fiscal decentralization work is faced by many policymakers around the world. This book draws on both the relevant literature and policy and technical advice provided by the IMF to a wide range of member countries, and discusses the key factors that help make...
Persistent link: https://www.econbiz.de/10011245906
In many countries the decentralization of spending responsibilities has outpaced the decentralization of revenue powers. Sub-national governments have then to rely on transfers from the center and borrowing to finance their spending. When this occurs, we find that the overall fiscal deficit...
Persistent link: https://www.econbiz.de/10009327869
Federal fiscal arrangements are argued to give rise to tacit collusion among competing Leviathans (Brennan and Buchanan, The Power to Tax, CUP, 1980). Though frequently encountered in academic and policy discussions, the cartelization hypothesis has rarely been scrutinized formally. This paper...
Persistent link: https://www.econbiz.de/10005406161
bundesstaatlichen Finanzbeziehungen »nicht die Schlechtesten«, da auch der Koalitionsvertrag bereits einige finanzielle Zugeständnisse …
Persistent link: https://www.econbiz.de/10010752150