The paper examines the evolution of state finance pre-GST and post-GST, focusing on 28 Indian states (18 Major and 10 minor). The findings reveal an average annual revenue deficit increase for major and minor states post-GST. Major states experienced a decline in overall Fiscal Deficit (FD)....

This paper surveys the state of fiscal federalism in India, in the broader context of decentralization. We begin with an overview of the basic features and recent developments in intergovernmental fiscal relations, including the role of political institutions, the specifics of legislative and...

[...]This study shows that tourism did respond positively to the local public amenities built as part ofthe Vision Iowa program. County taxable retail sales rose by 0.9% for every 1% increase in expenditureson the projects. Because the State of Iowa taxes sales at 5% of each additional dollar of...

The idea of fiscal decentralisation has become increasingly fashionable world-wide. But every country has unique features of the intergovernmental fiscal system. In general municipal expenditures are rapidly growing in European countries. On the other hand local tax increases are not easily...

The present study is, in particular, an attempt to test the relationship between tax level and political stability by using some economic control variables and to see the relationship among government effectiveness, corruption, and GDP. For the purpose, we used the Vector Autoregression (VAR)...

In January 2015 the radical left SYRIZA has won the Greek national elections and formed a coalition government with Independent Greeks (ANEL), a right-wing populist party. After a seven-month negotiation with Greece’s creditors and the agreement for the implementation of a third memorandum of...

This paper investigates whether fiscal competition affects the structure of public spending, where theory predicts a shift from residential public goods to industrial public goods. We propose an empirical model that specifically accounts for the strategic nature and endogeneity of fiscal...

In aggregate, state appropriations are the largest revenue source for public higher education in the United States. However, these appropriations have significantly declined over past decades, drawing serious concerns about the potential negative impact on schools and students. This paper...

This paper studies the provision of public inputs in a federal system. A vertical tax externality is also considered in a simple general equilibrium model used to analyze the efficiency of equilibria under different scenarios. The results show that the state provision of public inputs may affect...

Este artículo identifica el tipo de financiación que el nuevo Estatuto de autonomía de Cataluña implica. Se argumenta que, en materia de financiación autonómica, el Estatuto de Cataluña da cobertura a una pluralidad de modelos con características distintas en lo que a sus propiedades de...