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Public expenditure spillovers : an explanation for heterogeneous tax reaction functions
Levaggi, Rosella; Panteghini, Paolo - 2018
particular, we assume the existence of three jurisdictions, i, j and z, as well as of spillovers. Given this simple framework, we … show that if jurisdictions compete to attract mobile capital, spillovers can lead to asymmetric responses. In fact …
Persistent link: https://www.econbiz.de/10011922172
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Public Expenditure Spillovers : An Explanation for Heterogeneous Tax Reaction Functions
Levaggi, Rosella - 2019
particular, we assume the existence of three jurisdictions, i, j and z, as well as of spillovers. Given this simple framework, we … show that if jurisdictions compete to attract mobile capital, spillovers can lead to asymmetric responses. In fact …
Persistent link: https://www.econbiz.de/10012892282
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Local policy choice : theory and empirics
Agrawal, David R.; Hoyt, William H.; Wilson, John D. - 2020
competition, expenditure spillovers, and Tiebout sorting. We discuss theoretically what parameters should be estimated to … empirical analyses on the effects of fiscal decentralization on mobility, spillovers, fiscal externalities, economic outcomes …
Persistent link: https://www.econbiz.de/10012304319
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Public expenditure spillovers : an explanation for heterogeneous tax reaction functions
Levaggi, Rosella; Panteghini, Paolo - In: International tax and public finance 28 (2021) 3, pp. 497-514
Persistent link: https://www.econbiz.de/10012545578
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Decentralization with porous borders : public production in a federation with tax competition and spillovers
Armbruster, Stephanie; Hintermann, Beat - 2019
-regional spillovers. The federal government aims to correct for these inefficiencies using a transfer system. If the regional governments …
Persistent link: https://www.econbiz.de/10011994863
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Dynamic Fiscal Competition : A Political Economy Theory
Arcalean, Calin - 2019
I develop a political economy theory of dynamic fiscal competition via public spending and debt. With internationally mobile capital, strategic policies generate two cross-border externalities that voters in each country fail to internalize: (1) an increase in public spending that bolsters...
Persistent link: https://www.econbiz.de/10012891564
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Dynamic fiscal competition : a political economy theory
Arcalean, Calin - 2019
I develop a political economy theory of dynamic fiscal competition via public spending and debt. With internationally mobile capital, strategic policies generate two cross-border externalities that voters in each country fail to internalize: (1) an increase in public spending that bolsters...
Persistent link: https://www.econbiz.de/10011977194
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Tax Competition and the Nature of Capital
Baldwin, Richard; Forslid, Rikard - C.E.P.R. Discussion Papers - 2002
The standard race-to-the-bottom result is curious in one respect. If a nation wants to attract foreign capital, providing the optimal level of public amenities (and thus charging the optimal tax rate) would seem optimal. This conjecture fails in the standard tax competition model since foreign...
Persistent link: https://www.econbiz.de/10005114288
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Competition for foreign capital: Endogenous objective, public investment and tax
Pal, Rupayan; Sharma, Ajay - Indira Gandhi Institute of Development Research (IGIDR) - 2011
In this paper we endogenize the objective functions of the regions as well as their decision to provide public investment in a model of competition for foreign owned mobile capital. We demonstrate that the competing regions can `restrict race-to-the-bottom' in tax rates by deviating away from...
Persistent link: https://www.econbiz.de/10009319700
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Local Policy Choice: Theory and Empirics
Agrawal, David R.; Hoyt, William H.; Wilson, John D. - 2020
competition, expenditure spillovers, and Tiebout sorting. We discuss theoretically what parameters should be estimated to … empirical analyses on the effects of fiscal decentralization on mobility, spillovers, fiscal externalities, economic outcomes …
Persistent link: https://www.econbiz.de/10012425553