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Theories of competitive federalism generally focus on exit as the principal mechanism for making governments responsive …
Persistent link: https://www.econbiz.de/10011326576
Fiscal federalism concerns the division of policy responsibilities among different levels of government. Many current … favorable to fiscal federalism, yet countries are further decentralizing their fiscal systems. We summarize the efficiency and … equity aspects fiscal decentralization, fiscal competition, fiscal externalities, and intergovernmental grants. The survey …
Persistent link: https://www.econbiz.de/10014477792
changes. Moreover, the evidence indicates that the vertical and horizontal fiscal externalities interact. These results have …
Persistent link: https://www.econbiz.de/10013428264
changes. Moreover, the evidence indicates that the vertical and horizontal fiscal externalities interact. These results have …
Persistent link: https://www.econbiz.de/10011443043
In this study, we analyze the cyclicality of fiscal policies in China during the period 1978-2013. We find that the cyclicality of local government spending in China significantly affects the cyclicality of total government spending. By employing both time-series and province-level panel data,...
Persistent link: https://www.econbiz.de/10011338112
In this study, we analyze the cyclicality of fiscal policies in China during the period 1978-2013. We find that the cyclicality of local government spending in China significantly affects the cyclicality of total government spending. By employing both time-series and province-level panel data,...
Persistent link: https://www.econbiz.de/10011342322
Persistent link: https://www.econbiz.de/10011387792
. We discuss various policy responses to these challenges and the role of fiscal federalism in the context of worldwide …
Persistent link: https://www.econbiz.de/10013413273
Persistent link: https://www.econbiz.de/10013541991
We develop a simple model of fiscal competition among ageing municipalities. When ageing advances, gerontocracies and social planners gradually substitute publicly provided goods aimed at the mobile young population for publicly provided goods for the elderly. This substitution process does not...
Persistent link: https://www.econbiz.de/10003790977