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In this paper, we contribute to the discussion of what determines country risk by arguing that an important explanatory factor is the impact that commodities have on the capacity to pay. We use a newly created data base with state-level fiscal and risk premium data for Brazil states between 1891...
Persistent link: https://www.econbiz.de/10003909567
This paper studies the historical origins of the federalist institutions in Mexico and Brazil. Using a bargaining game … negotiation power of local governments. This led to the buildup of opposite federalist institutions in both countries, which have …
Persistent link: https://www.econbiz.de/10010322628
This paper studies the historical origins of the federalist institutions in Mexico and Brazil. Using a bargaining game … negotiation power of local governments. This led to the buildup of opposite federalist institutions in both countries, which have …, weakening the relative power of local elites. -- Institutions ; Fiscal Federalism ; Public Finance and Endowments …
Persistent link: https://www.econbiz.de/10009348046
Persistent link: https://www.econbiz.de/10003841642
however are more than offset by better governance. Education expenditure decentralization to subnational governments enhances …
Persistent link: https://www.econbiz.de/10014082215
Finnish municipalities enjoy ample fiscal autonomy and provide or arrange the provision of a large share of public services. In recent years, their spending and debt has been increasing steadily, especially because of population ageing and increases in the cost of health care and social...
Persistent link: https://www.econbiz.de/10010375402
, low levels of education, and inequality may lead to low accountability and higher susceptibility to political capture … education is provided by schools under municipal as well as under state management. The performance of these two types of school … municipalities where inequality is higher and education and political participation are lower …
Persistent link: https://www.econbiz.de/10013075686
Changes in political boundaries aimed at devolving power to local governments are common in many countries. We examine the economic consequences of redistricting through the creation of smaller government units. Exploiting reforms that led to sharp variations in the number of government units in...
Persistent link: https://www.econbiz.de/10014463692
Persistent link: https://www.econbiz.de/10011644424
Persistent link: https://www.econbiz.de/10002106839