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During the last decade the Italian system of intergovernmental fiscal relations has been involved in a radical process of reform that is still under way. The reform has assigned to Regions a mix of new autonomous taxes and the sharing of national taxes, has abolished discretionary transfers and...
Persistent link: https://www.econbiz.de/10014101072
We study the political economy of state limitations on the taxing powers of local governments, investigating the effects of such restriction on housing markets, community composition, and types of taxes and expenditures undertaken by local governments. We characterize equilibrium when voters...
Persistent link: https://www.econbiz.de/10008565926
. The relationship between the proper level of fiscal decentralization and economic growth for 27 advanced and emerging … associated with lower growth rates, while expenditures decentralization could slightly encourage economic development. The … overall decentralization indicator adversely affected the growth, but that interconnection was not robust. The empirical …
Persistent link: https://www.econbiz.de/10012865398
Persistent link: https://www.econbiz.de/10012829187
decentralization supportive of economic growth and human resource development. …
Persistent link: https://www.econbiz.de/10011473707
The effect of fiscal decentralization on economic growth has majorly been investigated in developed countries in … growth. The study was informed by neoclassical Solow-Swan growth model. In this context, a panel series data of 47 Kenyan … effect on sub national growth. However, on the second objective, tax revenue manifested a negative relationship with GCP …
Persistent link: https://www.econbiz.de/10014264329
The article provides direct empirical evidence on fiscal decentralisation and economic development in selected European countries in a period 1995-2012. The research (based on data taken from OECD Fiscal Decentralisation Database and OECD) is performed on a panel, which contains 17 unitary...
Persistent link: https://www.econbiz.de/10011460489
Persistent link: https://www.econbiz.de/10009765528
Despite the extensive literature on distributive politics, we still lack a theory of how political and fiscal institutions interact to shape the pork‐barrelling ability of national leaders in a federal parliamentary democracy. Focusing on party system attributes and governmental incentives...
Persistent link: https://www.econbiz.de/10012961257
Principal-agent problems can arise when preferences of voters are not aligned with preferences of political representatives. Often the consequence of the political principal-agent problem is political catering to special interests. In this paper I provide examples of principal-agent problems...
Persistent link: https://www.econbiz.de/10013079370