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Political Business Cycles at the Municipal Level
Veiga, Linda G.; Veiga, Francisco José - 2005
follow an exogenously determined election schedule. Estimation results clearly reveal the existence of opportunistic … behaviour by local governments. Expenditures increase in pre-election periods, especially on items that are highly visible to … the electorate (e.g., highways and streets). This suggests an effort to signal competence and improve chances of re-election …
Persistent link: https://www.econbiz.de/10014072141
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Frameworks for central-local government relations and fiscal sustainability
Morgan, Peter J.; Trinh, Long Q. - 2016
Sustainable and inclusive growth in emerging Asian economies requires continued high levels of public sector investment in areas such as infrastructure, education, health, and social services. These responsibilities, especially with regard to infrastructure investment, need to be devolved...
Persistent link: https://www.econbiz.de/10011688628
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Fiscal decentralization and local budget deficits in Viet Nam: An empirical analysis
Morgan, Peter J.; Trinh, Long Q. - 2016
Since 1975, Viet Nam has gradually decentralized more fiscal responsibilities to local authorities. This study has two objectives: (i) to take stock of the current institutional framework for intergovernmental fiscal relations in Viet Nam, and (ii) to empirically assess the debt sustainability...
Persistent link: https://www.econbiz.de/10011688636
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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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Public Investment, Revenue Shocks, and Borrowing Restrictions
Büttner, Thiess; Wildasin, David E. - 2010
This paper lays out a theory of taxation and public investment in an intertemporal setting under conditions of revenue shocks. Without borrowing restrictions, the optimal policy is characterized by smooth time paths of taxes and public investment. While the introduction of formal borrowing...
Persistent link: https://www.econbiz.de/10010277217
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Improving subnational government development finance in emerging and developing economies: Toward a strategic approach
Smoke, Paul J. - 2019
Considerable attention has been given to enhancing subnational development finance in response to the 2008 global financial crisis and recent global development agendas, including the Sustainable Development Goals, Financing for Development, and Habitat III/New Urban Agenda. Much work on this...
Persistent link: https://www.econbiz.de/10012254903
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Österreichs Gemeinden im Kontext der Covid-19-Krise: Finanzausgleich bei steigenden Investitionsbedarfen und sinkenden Einnahmen
Heimberger, Philipp - 2022
Diese Studie diskutiert die Rolle der österreichischen Gemeinden im Hinblick auf Bildung, Pflege und Klima vor dem Hintergrund der Einnahmen- und Ausgabenentwicklung und des Finanzausgleichs. Die Covid-19-Krise wirkt sich negativ auf die Gemeindefinanzen aus, die Steuerreform verursacht...
Persistent link: https://www.econbiz.de/10013480235
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Frameworks for central-local government relations and fiscal sustainability
Morgan, Peter J.; Trinh, Long Q. - 2016
Sustainable and inclusive growth in emerging Asian economies requires continued high levels of public sector investment in areas such as infrastructure, education, health, and social services. These responsibilities, especially with regard to infrastructure investment, need to be devolved...
Persistent link: https://www.econbiz.de/10011561683
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Fiscal decentralization and local budget deficits in Viet Nam : an empirical analysis
Morgan, Peter J.; Trinh, Long Q. - 2016
Since 1975, Viet Nam has gradually decentralized more fiscal responsibilities to local authorities. This study has two objectives: (i) to take stock of the current institutional framework for intergovernmental fiscal relations in Viet Nam, and (ii) to empirically assess the debt sustainability...
Persistent link: https://www.econbiz.de/10011561785
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Bankruptcy, Backwards : The Problem of Quasi-Sovereign Debt
Gelpern, Anna - 2012
This Feature considers the debts of quasi-sovereign states in light of proposals to let them file for bankruptcy protection. States that have ceded some but not all sovereign prerogatives to a central government face distinct challenges as debtors. It is unhelpful to analyze these challenges...
Persistent link: https://www.econbiz.de/10013113162