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traditional, expenditure-related motives for centralization considered in the fiscal federalism literature is present. If central …
Persistent link: https://www.econbiz.de/10011629989
We propose a theory of tax centralization in politico-economic equilibrium. Taxation has dynamic general equilibrium implications which are rationally internalized at the federal, but not at the regional level. The political support for taxation therefore differs across levels of government....
Persistent link: https://www.econbiz.de/10012112066
traditional, expenditure-related motives for centralization considered in the fiscal federalism literature is present. If central …
Persistent link: https://www.econbiz.de/10011523838
We propose a theory of tax centralization in politico-economic equilibrium. Taxation has dynamic general equilibrium implications which are rationally internalized at the federal, but not at the regional level. The political support for taxation therefore differs across levels of government....
Persistent link: https://www.econbiz.de/10011810615
Finding a definitive answer to the question of whether fiscal redistribution is harmful or beneficial for regional … economic performance is not straightforward. This paper disentangles the key components of fiscal redistribution in a regional … battery of studies on the mixed evidence concerning the relationship between fiscal redistribution and per capita income. To …
Persistent link: https://www.econbiz.de/10013179696
concerns framed by public finance, fiscal federalism, and public management principles. The literature tends to explain …
Persistent link: https://www.econbiz.de/10011561696
The study presents a macro-finance model to analyze the impacts of a fiscal policy shock in the Brazilian term structure of interest rate in the period 1999-2010. Fiscal policy explains a higher proportion of the long-term interest rate variance (25% of the five years rate) comparing to the...
Persistent link: https://www.econbiz.de/10009228943
concerns framed by public finance, fiscal federalism, and public management principles. The literature tends to explain …
Persistent link: https://www.econbiz.de/10012966490
En este trabajo se ofrece primero una radiografía sobre el panorama que se desprende del estudio para 2005 en materia de equidad en la redistribución. En segundo lugar se plantean y discuten diferentes escenarios de reestructuración de las transferencias efectuadas por regiones ricas que...
Persistent link: https://www.econbiz.de/10014164620
This paper investigates the impact of inequality in the geographic distribution of fiscal resources on regional economic growth under fiscal decentralization policy in the context of China’s experience, using panel data for 28 provinces over the period 1987–2010. In the recent past, the...
Persistent link: https://www.econbiz.de/10014084854