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State governments allocate authority, under a federally imposed cap, to issue tax-exempt bonds that fund “private activities” such as industrial expansion, student loans, and low-income housing. This paper presents political economy models of the allocation process and an empirical analysis....
Persistent link: https://www.econbiz.de/10013138150
This paper proposes and tests a structural model reflecting the process of authorizing private-activity municipal bond issuance. Private-activity municipal bonds offer tax-exempt financing for programs including industrial development, utilities, low-income housing, and student loans. The...
Persistent link: https://www.econbiz.de/10013125945
The terrorist attacks of September 11, 2001 increased U.S. patriotism, but did they affect voting behavior? Did fire, police, and EMS departments sense an opportunity to increase their funding after the highly-publicized rescue efforts? We find no evidence of more frequently proposed tax levies...
Persistent link: https://www.econbiz.de/10012924943
The transfer of responsibilities from central to local government has often been justified on the grounds of efficiency and democracy under the principle of subsidiarity. The existing models for mapping local government power in Europe, however, are often insufficiently detailed to allow...
Persistent link: https://www.econbiz.de/10014197391
Private innovative activities receive public innovation support from different political levels. Few studies have empirically evaluated the influence of political systems on the reception of public innovation support and no other studies have evaluated innovation support across Europe with CIS...
Persistent link: https://www.econbiz.de/10010519879
to promote sustainable and inclusive economic growth. Decentralisation can enable sub-central governments to provide …
Persistent link: https://www.econbiz.de/10012227447
The article provides direct empirical evidence on fiscal decentralisation and economic development in selected European … countries in a period 1995-2012. The research (based on data taken from OECD Fiscal Decentralisation Database and OECD) is …. Results of dynamic panel analysis suggest positive and statistically significant impact of expenditure decentralisation and …
Persistent link: https://www.econbiz.de/10011460489
Persistent link: https://www.econbiz.de/10013192844
This paper investigates the presence of political budget cycles (PBCs) in the European Union using a data set encompassing all 27 current member states over the period 1997-2008, and analyzes what may explain their variability across countries and over time. Conditioning on partisan...
Persistent link: https://www.econbiz.de/10003920014
This paper examines the impact of economic uncertainty shocks on the populist voting behavior in the panel dataset of 24 European Union (EU) countries for the period from 1980 to 2020. In so doing, we focus on the shares of total populism, right-wing populism, and left-wing populism votes as...
Persistent link: https://www.econbiz.de/10012263395