Showing 1 - 10 of 1,252
We empirically analyze the determinants of the fiscal decentralization in the European Union. Our approach consists on … on the fiscal decentralization by quantiles. Specifically, while GDP per capita or corruption are not significant in a … decentralization. And other variables as population, density or inequality do not have neither the same impact among quantiles …
Persistent link: https://www.econbiz.de/10012821280
Chanchal Kumar Sharma,in his paper demonstrates that in order for fiscal decentralisation to be effective, it must be approached federally. A federal approach is not a decentralised approach but a dynamically balanced approach; one that constantly keeps on adjusting the contrasting forces of...
Persistent link: https://www.econbiz.de/10014054503
The paper analyzes one important aspect of the constitutional debate: the allocation of econornie competences between the EU and the mernber states. It takes the theory of fiscal federalism as a starting point for an optimal allocation of economic competences. The main message of the theory is...
Persistent link: https://www.econbiz.de/10011490654
Fiscal decentralization is high on the agenda in policy fora. This paper empirically investigates the underlying causes … of fiscal decentralization, based on the predictions of a simple political economy model. We argue that the likeliness … support the relevance of political factors as determinants of fiscal decentralization. The relationship between central …
Persistent link: https://www.econbiz.de/10009301206
This paper provides a political-economy explanation of the degree of centralization in economic policy making. To determine which policies are to be centralized, regions select representatives who then negotiate the degree of centralization and the regional cost shares of centrally decided...
Persistent link: https://www.econbiz.de/10012755787
The United States central government enactment of the 1866 Post Roads Act preempted state and municipal telegraph franchise entry barriers. Like present-day telecommunication companies, local franchise regulations were an entry barrier to United States telegraph companies. These pre-1866 state...
Persistent link: https://www.econbiz.de/10012912831
Prevailing accounts of the efficiency of subsidies for the nonprofit sector presume that the only alternative source of public goods is a single sovereign, controlled by a single median voter. Tiebout sorting, however, also provides citizens with alternative bundles of public goods. When these...
Persistent link: https://www.econbiz.de/10014181164
In some ways, a 2012 symposium on “Dilemmas of State Debt” may seem a bit behind the news curve. At the end of 2010, municipal bond markets were in a deep funk. Analysts predicted that countless municipalities and perhaps one or more of the United States might default on their debt...
Persistent link: https://www.econbiz.de/10014164095
This paper puts forward a framework for evaluating the effects of governmental decentralization on the shadow economy … and corruption. The theoretical analysis demonstrates that decentralization exerts both a direct and an indirect impact on … the shadow economy and corruption. Firstly, decentralization helps to mitigate government-induced distortions, thus …
Persistent link: https://www.econbiz.de/10010587851
Decentralization since early 1990s has become one of the buzzwords of the development paradigms. Among all ingredients … of decentralization, the fiscal component of it has a special significance. Not surprisingly the literature unanimously … among different objectives of each level and resolve tensions between them. Thus, the fiscal decentralization is in vogue …
Persistent link: https://www.econbiz.de/10005787180