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How can a country 'graduate' from procyclical fiscal policy? : evidence from China
Fuest, Clemens; Xing, Jing - 2015
In this study, we analyze the cyclicality of fiscal policies in China during the period 1978-2013. We find that the cyclicality of local government spending in China significantly affects the cyclicality of total government spending. By employing both time-series and province-level panel data,...
Persistent link: https://www.econbiz.de/10011342322
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Partial fiscal decentralization and sub-national government fiscal discipline : empirical evidence from OECD countries
Asatryan, Zareh; Feld, Lars P.; Geys, Benny - 2015
Recent theoretical research suggests that financing sub-national governments’ expenditure out of own revenue sources is linked to more responsible budgeting, because the financial implications of spending decisions then are internalized within a jurisdiction. We test this proposition...
Persistent link: https://www.econbiz.de/10010498622
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Fiscal redistribution and social welfare
Coady, David P.; D'Angelo, Devin; Evans, Brooks - 2019
discussion of fiscal redistribution within the standard social welfare framework, which lends itself to a transparent and … practical evaluation of the extent and determinants of fiscal redistribution. Differences in fiscal redistribution are … decomposed into differences in the magnitude of transfers (fiscal effort) and in the progressivity of transfers (fiscal …
Persistent link: https://www.econbiz.de/10012009467
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How can a country ‘graduate’ from procyclical fiscal policy? : evidence from China
Fuest, Clemens; Xing, Jing - 2015
In this study, we analyze the cyclicality of fiscal policies in China during the period 1978-2013. We find that the cyclicality of local government spending in China significantly affects the cyclicality of total government spending. By employing both time-series and province-level panel data,...
Persistent link: https://www.econbiz.de/10011338112
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Intergovernmental fiscal relations, theoretical aspects and Poland's experience
Guziejewska, Beata - In: E-Finanse : finansowy kwartalnik internetowy 9 (2013) 3, pp. 24-32
The distribution of public revenues is one of the fundamental elements in the shaping of the system of public finance in any country. The process is difficult from both the political and economic points of view. Also the objective conditions make the ideal distribution impossible and any...
Persistent link: https://www.econbiz.de/10010351204
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Frameworks for central-local government relations and fiscal sustainability
Morgan, Peter J.; Trinh, Long Q. - 2016
Sustainable and inclusive growth in emerging Asian economies requires continued high levels of public sector investment in areas such as infrastructure, education, health, and social services. These responsibilities, especially with regard to infrastructure investment, need to be devolved...
Persistent link: https://www.econbiz.de/10011561683
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Looking beyond conventional intergovernmental fiscal frameworks : principles, realities, and neglected issues
Smoke, Paul J. - 2016
Fiscal decentralization and intergovernmental fiscal relations reform have become nearly ubiquitous in developing countries. Performance, however, has often been disappointing in terms of both policy formulation and outcomes. The dynamics underlying these results have been poorly researched....
Persistent link: https://www.econbiz.de/10011561696
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Fiscal decentralization and local budget deficits in Viet Nam : an empirical analysis
Morgan, Peter J.; Trinh, Long Q. - 2016
Since 1975, Viet Nam has gradually decentralized more fiscal responsibilities to local authorities. This study has two objectives: (i) to take stock of the current institutional framework for intergovernmental fiscal relations in Viet Nam, and (ii) to empirically assess the debt sustainability...
Persistent link: https://www.econbiz.de/10011561785
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A Political Economy Model of the Vertical Fiscal Gap and Vertical Fiscal Imbalances in a Federation
Dahlby, Bev - 2013
We develop a political economy model of intergovernmental transfers. Vertical fiscal balance occurs in a federation when the ratio of the marginal benefit of the public services provided by the federal and provincial governments is equal to their relative marginal costs of production. With...
Persistent link: https://www.econbiz.de/10013074381
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Fiscal Federalism as Found Principle for Structural Reforms Accountability
Savonea, Ruxandra - 2009
Developed by Musgrave (1959) and Oates (1972), the concept of fiscal federalism describes the process performed by the central governments to deal with the distribution problem and refer the provision of services to decentralized governments. In this respect, centralized governments should...
Persistent link: https://www.econbiz.de/10013157917