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This paper aims at analysing the population size of local jurisdictions with respect to the characteristics of the goods they provide to their citizens. The economic analysis on the size of government units is mainly founded on the classical fiscal federalism literature (Tiebout, 1956; Buchanan, 1965;...
Persistent link: https://www.econbiz.de/10008830122
The aim of the paper is to analyze a model of local public good provision with positive interjurisdictional spillovers comparing decentralized and centralized system. As in the recent Second Generation Theory (SGT) of fiscal federalism (Seabright 1996; Lockwood 2002, 2006; Besley and Coate 2003; Weingast...
Persistent link: https://www.econbiz.de/10008833915
We analyse how fiscal decentralization affects the volatility of government consumption extending the existing literature that mainly deals with the effects of the former on government size. Using data for 97 developed and developing countries from 1971 to 2010, we find that a higher degree of...
Persistent link: https://www.econbiz.de/10011110027
A relevant mismatch between tax and expenditure decentralization characterizes many industrialized countries. The former is usually less pronounced than the latter, resulting in asymmetric fiscal decentralization arrangements. We investigate the nature of this asymmetry using a theoretical...
Persistent link: https://www.econbiz.de/10011111831
We study the relationship between discretionary fiscal policy and macroeconomic stability in 21 OECD countries over the 1985-2012 period. The novelties of our contribution lie in the use of annual panel data, whereas most of the existing evidence is cross-sectional, and more importantly in the...
Persistent link: https://www.econbiz.de/10011112993
[ENGLISH] The objective of the paper is to evaluate theoretically the effects of the assignment of redistribution function to lower levels of government on individuals' welfare, focusing on the level of national and local income inequality. First studies on fiscal federalism suggested negative...
Persistent link: https://www.econbiz.de/10004990575
Persistent link: https://www.econbiz.de/10000882127
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