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Revenue Decentralization, the Local Income Tax Deduction, and the Provision of Public Goods
Hatfield, John William - 2013
We consider a model where local and national governments both tax income and use the revenue to invest in both productive and consumptive public goods. Local governments will overprovide the consumptive public good if the local income tax is (partially) deductible. However, without full...
Persistent link: https://www.econbiz.de/10013089328
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The Impact of Fiscal Decentralization on Economic Development
Pasichnyi, Mykola - 2019
In this article, updated approach to assess the impact of fiscal decentralization on economic development is offered …. The relationship between the proper level of fiscal decentralization and economic growth for 27 advanced and emerging … expenditures decentralization was more essential than revenue decentralization. The vast majority of the counties from Central and …
Persistent link: https://www.econbiz.de/10012865398
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Local business taxation and competition for capital : the choice of the tax rate
Büttner, Thiess - 2001
A theoretical model describes the local choice of the tax rate on capital income. It establishes preferences and various fiscal conditions - including the tax rates of competing jurisdictions - as determinants of the tax rate. The empirical implications are tested using a large panel of...
Persistent link: https://www.econbiz.de/10011398100
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The welfare effects of discriminating between in-state and out-of-state students
Hübner, Malte - 2009 - This version: June 24, 2009
This paper considers the decentralized funding of public universities in a federation when students and graduates are mobile. In particular, I discuss whether local governments should be given the right to differentiate tuition fees between in-state and out-of-state students. I develop a model...
Persistent link: https://www.econbiz.de/10009751407
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The power of parties
Fiva, Jon H.; Folke, Olle; Sørensen, Rune Jorgen - 2013
As with the market for goods and services, democratic competition involves political parties offering their services (policy programs) to citizen-consumers who vote for their preferred partisan supplier. Little is known about the partial effect of a shift in parties' seat shares for given voter...
Persistent link: https://www.econbiz.de/10009707614
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Sub-national governments' tax structure in the European Union countries
Trasberg, Viktor - 2015
The paper analyses the European Union sub-national governments' tax revenue structures and their dynamic during the last decades. Tax composition obtained a considerable interest during the recent years, particularly after the recent global financial and economic crisis. In many European Union...
Persistent link: https://www.econbiz.de/10011481730
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Balanced budget government spending in a small open regional economy
Lecca, Patrizio; McGregor, Peter G.; Swales, John Kim - 2012
Scotland is engaged in a lively and on-going debate on greater fiscal autonomy and independence, which is politically controversial, especially in respect of tax-varying powers. The Scottish Parliament has the power to make a balanced-budget adjustment in public expenditure by varying the basic...
Persistent link: https://www.econbiz.de/10011507604
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Bankruptcy, Backwards : The Problem of Quasi-Sovereign Debt
Gelpern, Anna - 2012
This Feature considers the debts of quasi-sovereign states in light of proposals to let them file for bankruptcy protection. States that have ceded some but not all sovereign prerogatives to a central government face distinct challenges as debtors. It is unhelpful to analyze these challenges...
Persistent link: https://www.econbiz.de/10013113162
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Granting Public or Private Consumption? Effects of Grants on Local Public Spending and Income Taxes
Lundqvist, Heléne - 2011
While the literature on how intergovernmental grants affect the budget of receiving jurisdictions is numerous, the very few studies that explicitly deal with likely endogeneity problems focus on grants targeted towards specific sectors or to specific type of recipients. The results from these...
Persistent link: https://www.econbiz.de/10013120618
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Stakeholding through the Permanent Fund Dividend : Fitting Practice to Theory
Griffin, Christopher L. - 2013
Alaska's Permanent Fund Dividend (PFD) is the United States' most significant, if not its only attempted, experiment with universal asset policies. This chapter helps clarify where the PFD fits within the larger portfolio of economic rights and obligations guaranteed by the liberal state. Is the...
Persistent link: https://www.econbiz.de/10013093626