Showing 191 - 200 of 71,100
Persistent link: https://www.econbiz.de/10014486944
This paper empirically investigates the underlying determinants of expenditure decentralization, based on the … predictions of a new political economy model of partial decentralization. The analysis is based on an agency model, in which two … decentralization is endogenous and depends on the relative political conditions prevailing at each level of government. Consistent with …
Persistent link: https://www.econbiz.de/10013053063
This paper empirically investigates the underlying determinants of expenditure decentralization, based on the … predictions of a new political economy model of partial decentralization. The analysis is based on an agency model, in which two … decentralization is endogenous and depends on the relative political conditions prevailing at each level of government. Consistent with …
Persistent link: https://www.econbiz.de/10013053111
In a much cited 2008 article, Per Pettersson-Lidbom uses regression discontinuity to test for Swedish party effects on economic policies such as municipal taxation, spending and employment. We reassess the issue using the same estimator as Pettersson-Lidbom but new data on all factual...
Persistent link: https://www.econbiz.de/10011164356
Persistent link: https://www.econbiz.de/10012880189
The well-known "Decentralization Theorem" (Oates, 1972) establishes the superiority of decentralized public provision … capital stocks by region both before and after the decentralization of such responsibilities. We find that investment in both …
Persistent link: https://www.econbiz.de/10005772712
According to the fiscal federalism literature sub-central budget constraints become softer when local governments are more dependent on revenues over which they have no discretion. As a consequence of higher "transfer dependency", sub-central governments can expect to be bailed out by the...
Persistent link: https://www.econbiz.de/10011561182
political economy aspects in explaining the degree of fiscal decentralization. It innovates in making explicit the benefits from … public goods (Scale Effect) resulting from decentralization. It takes advantage of previous literature in recognizing the … social cost benefit analysis of decentralization. Second, the aforementioned effects are put into the context of specific …
Persistent link: https://www.econbiz.de/10010823169
Persistent link: https://www.econbiz.de/10012258149
The number of parties in government is usually considered to increase spending. We show that this is not necessarily the case. Using a new method to detect close election outcomes in multi-party systems, we isolate truly exogenous variation in the type of government. With data from...
Persistent link: https://www.econbiz.de/10009664450