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We survey the empirical literature on fiscal decentralization (FD) and analyze the advantages and disadvantages of shifting fiscal responsibilities to sub national governments. We suggest several conclusions: First, there are large disagreements regarding the influence of FD on the size of...
Persistent link: https://www.econbiz.de/10011113699
We consider the hold-up problem between a foreign direct investor and the government(s) in a host country with weak governmental structure and lack of power to commit. Using Nash threats, we show that an efficient investment level can be sustained for a sufficiently high discount factor and ask...
Persistent link: https://www.econbiz.de/10010307038
This Discussion Paper deals with the institutional and economic aspects of the Brazilian federative state according to the 1988 Constitution. The context of vertical coordination of urban infrastructure investments is then examined. Previous studies have shown that the benefits of economic...
Persistent link: https://www.econbiz.de/10013269270
derived from recent advances in the theory of positive political economy and fiscal federalism. Assessment of the current EU …
Persistent link: https://www.econbiz.de/10008470507
This article presents a new approach to federalism that focus more on the outcome desired than on formal power …
Persistent link: https://www.econbiz.de/10005747236
about federalism in Germany and the balance of influence between “Bund” and “Länder” governments. The present article …
Persistent link: https://www.econbiz.de/10011995271
This Discussion Paper deals with the institutional and economic aspects of the Brazilian federative state according to the 1988 Constitution. The context of vertical coordination of urban infrastructure investments is then examined. Previous studies have shown that the benefits of economic...
Persistent link: https://www.econbiz.de/10012815481
This paper links the foreign economic engagement of India's states with the literature on federalism, thereby …
Persistent link: https://www.econbiz.de/10011737599
This article presents a new approach to federalism that focus more on the outcome desired than on formal power …
Persistent link: https://www.econbiz.de/10014075360
American “we-do-federalism-right” triumphalism. In the United States, as in Europe, subordinate governments are beset by … governments. That commitment was once the glory of American federalism. Over the past decade, however, the no-bailout commitment … has effectively collapsed. Its demise entails fundamental changes in American federalism, none of them encouraging. After …
Persistent link: https://www.econbiz.de/10014164095