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On the Simultaneous Determination of Current Expenditure, Real Capital, Fee Income, and Public Debt in Norwegian Local Government
Langørgen, Audun - 1995
spending, both in current expenditure and investment spending. A positive shift in grants or taxes will in the short run lead …
Persistent link: https://www.econbiz.de/10011967925
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A Macromodel of Local Government Spending Behaviour in Norway
Langørgen, Audun - 1994
A cooperative bargaining model is adapted to the setting of local government in Norway. Aggregate consumption, the capital stock and net financial wealth in the local public sector are endogenized. The origin of intertia in the model is ascribed to incrementalism or adjustment costs in the...
Persistent link: https://www.econbiz.de/10011967889
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A Macromodel of Local Government Spending Behaviour in Norway
Langørgen, Audun - Statistisk Sentralbyrå, Government of Norway - 1994
A cooperative bargaining model is adapted to the setting of local government in Norway. Aggregate consumption, the capital stock and net financial wealth in the local public sector are endogenized. The origin of intertia in the model is ascribed to incrementalism or adjustment costs in the...
Persistent link: https://www.econbiz.de/10004980754
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Does expenditure composition influence the debt level? : evidence from German federal states
Stegarescu, Dan - 2013
important role. As expected, a higher ratio of government consumption to investment has a debt-augmenting effect, though …, considered separately, larger budget shares of both investment and personnel expenditure are associated with lower debt …
Persistent link: https://www.econbiz.de/10010225574
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Local Government Debt Valuation
Giesecke, Oliver; Mateen, Haaris; Jardim Sena, Marcelo - 2022
We construct a novel data set on the fiscal position of municipalities in the United States and document a secular decline in their financial health. Our data combines financial data from the Annual Comprehensive Financial Reports (ACFRs) of municipalities along with Census data of their revenue...
Persistent link: https://www.econbiz.de/10014030441
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Using a 'Debt Brake' to Solve Colorado's Debt Crisis
Merrifield, John D. - 2019
In recent years debt in Colorado has increased at an unsustainable rate. A debt brake is simulated for the Colorado economy. When the debt brake is triggered the spending cap imposed by the Tabor Amendment is reduced, with surplus revenue earmarked for debt reduction. The simulation analysis...
Persistent link: https://www.econbiz.de/10012858154
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Does Expenditure Composition Influence the Debt Level? Evidence from German Federal States
Stegarescu, Dan - 2016
important role. As expected, a higher ratio of government consumption to investment has a debt-augmenting effect, though …, considered separately, larger budget shares of both investment and personnel expenditure are associated with lower debt …
Persistent link: https://www.econbiz.de/10012988641
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Fiscal rules and public spending : evidence from Italian municipalities
Gregori, Wildmer Daniel - 2014
a cap on the total amount of consumption and investment is not as binding as two caps, one specific for consumption and … a different one for investment spending. More specifically, the consumption variation is triggered by changes in the … level of wages and services spending, while investment relies on infrastructure movements. In addition, there is evidence …
Persistent link: https://www.econbiz.de/10011729173
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Fiscal and Spending Behavior of Local Governments: An Empirical Analysis Based on Norwegian Data
Aaberge, Rolf; Langørgen, Audun - 1997
This paper treats local governments as utility maximizing agents when they allocate resources among different service sectors. We present estimates for eight service sectors, based on a modified version of the extended linear expenditure system (ELES) and using observations at the municipal...
Persistent link: https://www.econbiz.de/10011967968
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Fiscal and Spending Behavior of Local Governments: An Empirical Analysis Based on Norwegian Data
Aaberge, Rolf; Langørgen, Audun - Statistisk Sentralbyrå, Government of Norway - 1997
This paper treats local governments as utility maximizing agents when they allocate resources among different service sectors. We present estimates for eight service sectors, based on a modified version of the extended linear expenditure system (ELES) and using observations at the municipal...
Persistent link: https://www.econbiz.de/10004980637