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The paper analyzes local political cycle in Czech municipalities over the period between 1997 and 2013. We apply the system and the difference GMM estimators to detect electoral manipulation in current and capital expenditures in electoral and pre-electoral years. Primarily, we estimate the...
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but not for expenditure. Furthermore, the effect of tax capitalization is only robust for less relevant property tax A … local corporate tax is surprising and may be explained by the observed tax harmonization. Our further research will focus on …
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comparison of the two scenarios suggests that Scotland is worse off in the case of independence. The effective labour income tax … of the arguments that have been raised during the debate is that Scotland is in a worse demographic situation than RUK …-regional OLG-CGE model for Scotland, the rest of the UK (RUK) and the rest of the World (ROW). The model is used to evaluate the …
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, and government expenditure on education between the years of 1970 and 2012 for the case of France. Johansen co …-integration relationship indicates that capital, labor, and government expenditure on education are long-run determinants of GDP for the case … education to GDP and from labor and expenditure to capital. Results of the study suggest the existence of education …
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