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In a monetary union, the interaction between several governments and a single central bank is plagued by several sources of deficit bias, including common pool problems. Each government has strong preferences over local spending and taxation but suffers only part of the costs of union-wide...
Persistent link: https://www.econbiz.de/10011434438
We extend the literature on local income tax competition by allowing for inter-jurisdictional spillovers and imperfect rivalry in consumption of a publicly provided good. Comparing decentralized second-best results of a theoretical model with an efficient benchmark, we identify three...
Persistent link: https://www.econbiz.de/10011436089
. We show the potential existence of a poverty trap as a result of decentralization in taxation decisions. …
Persistent link: https://www.econbiz.de/10011539434
's decentralization policies and also, in informing future policymaking. In particular, it highlights the importance of (i) a well …
Persistent link: https://www.econbiz.de/10011993824
. We show the potential existence of a poverty trap as a result of decentralization in taxation decisions. …
Persistent link: https://www.econbiz.de/10012124567
In this paper we use the new Government Revenue Dataset to analyse fiscal decentralization. We find that developed … fiscally decentralized regions. In our econometric analysis, we examine the relationship between fiscal decentralization and … the shadow economy. We hypothesize that decentralization can negatively or positively affect the size of the shadow …
Persistent link: https://www.econbiz.de/10011582864
development planning with a wide range of decentralization programs. The reforms gave greater authority, political power, and …, unlike in many developing and transition countries, the decentralization program in Indonesia has not caused major political … or economic problems. However, the decentralization program was ill prepared and not carried out in a logical order for …
Persistent link: https://www.econbiz.de/10011561585
Persistent link: https://www.econbiz.de/10010422918
) provides little evidence that budget constraints at the cantonal level affect municipal finances and fiscal decentralization …
Persistent link: https://www.econbiz.de/10010424734
This paper examines whether revenue decentralization and direct external financial supervision affect the incidence and …
Persistent link: https://www.econbiz.de/10011300741