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Contracting out, an empirical study on motives
Wassenaar, Mattheus C.; Groot, Thomas L.; Gradus, Raymond - 2010
Municipalities may have various motives for decisions on the mode of their task execution. Empirical studies – based on … of additional motives and to test these statistically. As we find, municipalities do not regularly evaluate the service … provision of their activities. Only in case of structural underperformance, municipalities consider a change of service provider …
Persistent link: https://www.econbiz.de/10011382498
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Grant Effects on Public Finance for Local Governments with Self-Selection Behavior
Tang, Cheng-Tao - 2021
municipalities and cities in the Philippines over the period 1993–2016. This is done by firstly utilizing a rule-based grant … zero effect on local tax revenue. The results provide evidence of a flypaper effect among both municipalities and cities in …
Persistent link: https://www.econbiz.de/10013234505
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Natural resource windfalls in nonproducing areas
Ome, Alejandro; Pérez, Javier - 2022
We study the impact of natural resource royalties on educational outcomes in Colombia. We analyze a reform enacted in 2012 that made the distribution of these royalties more equitable. Before the reform, most royalties were assigned to the regions where the natural resources were exploited; with...
Persistent link: https://www.econbiz.de/10014495940
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Do Fiscal Rules Cause Better Fiscal Balances? A New Instrumental Variable Strategy
Caselli, Francesca - 2019
This paper estimates the causal effect of fiscal rules on fiscal balances in a panel of 142 countries over the period 1985-2015. Our instrumental variable strategy exploits the geographical diffusion of fiscal rules across countries. The intuition is that reforms in neighboring countries may...
Persistent link: https://www.econbiz.de/10012889142
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Do re-election probabilities influence public investment?
Fiva, Jon H.; Natvik, Gisle James - 2009
We identify exogenous variation in incumbent policymakers' re-election probabilities and explore empirically how this variation affects the incumbents' investment in physical capital. Our results indicate that a higher re-election probability leads to higher investments, particularly in the...
Persistent link: https://www.econbiz.de/10003861777
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Do re-election probabilities influence public investment?
Fiva, Jon H.; Natvik, Gisle James - 2009
We identify exogenous variation in incumbent policymakers' re-election probabilities and explore empirically how this variation affects the incumbents' investment in physical capital. Our results indicate that a higher re-election probability leads to higher investments, particularly in the...
Persistent link: https://www.econbiz.de/10003865846
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The analysis of budget rules and macroeconomic implications in several developed economies
Florin, Popescu Răzvan; Sergiu, Prodan - In: Budgetary research review : BRR 2 (2010) 1, pp. 60-91
The purpose of budget rules can be explored from the perspective of the expected results, obtained by their enforcement. On one hand, they are meant to improve or at least maintain certain levels of the budgetary deficit and public debt. On the other hand, they can help or limit the economic...
Persistent link: https://www.econbiz.de/10009611986
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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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Fiscal Decentralization, Fiscal Rules and Fiscal Discipline
Neyapti, Bilin - 2013
Fiscal decentralization (FD) and fiscal rules (FR) are institutional mechanisms that have been implemented in increasing number of countries by varying measures. This paper investigates empirically the effect of FR on the effectiveness of FD in achieving fiscal discipline. Panel evidence...
Persistent link: https://www.econbiz.de/10013082914
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Do Re-Election Probabilities Influence Public Investment?
Fiva, Jon H. - 2009
We identify exogenous variation in incumbent policymakers' re-election probabilities and explore empirically how this variation affects the incumbents' investment in physical capital. Our results indicate that a higher re-election probability leads to higher investments, particularly in the...
Persistent link: https://www.econbiz.de/10013157849