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The design of intergovernmental fiscal relations can help to ensure that tax and spending powers are assigned in a way to promote sustainable and inclusive economic growth. Decentralisation can enable sub-central governments to provide better public services for households and firms, while it...
Persistent link: https://www.econbiz.de/10012227447
This study investigates the effects of intergovernmental transfers on the development outcomes by exploiting a formula-based transfer scheme among municipalities and cities in the Philippines. The results suggest that the household disposable income per capita increases by 9.6% in the long run...
Persistent link: https://www.econbiz.de/10014077716
The deteriorating fiscal position of municipalities across the United States raises the question which adjustment mechanisms municipalities have at their disposal and what their effects are. We utilize quasi-experimental variation in the year of property tax assessments in the state of...
Persistent link: https://www.econbiz.de/10014078989
The recession of 2007–2009 knocked the wind out of state government budgets, but revenues and spending have grown steadily in recent years. As revenues have risen, some governors have pursued reforms to reduce tax burdens on families and make their states more competitive. Other governors have...
Persistent link: https://www.econbiz.de/10013030456
The present work aims to explore the existing theories about the size of the public sector and test empirically in Brazilian municipalities. The theoretical model assumes that the economy has only two sectors: the public and the private. The latter receives productivity shocks while the former...
Persistent link: https://www.econbiz.de/10003891175
I exploit unusual policy variation in Indonesia to examine how local responses to intergovernmental grants depend on their persistence. A national reform produced permanent increases in the general grant that were larger for less densely populated districts. Hydrocarbon-rich districts...
Persistent link: https://www.econbiz.de/10012853672
The crisis phenomena in the global and Russian economy directly related to the introduction of quarantine measures in 2020, led to the deficit of the consolidated regional budget. At end-2020, the consolidated regional budget and the budgets of territorial state extra-budgetary funds ran a...
Persistent link: https://www.econbiz.de/10013215921
According to data released by the RF Ministry of Finance, against the backdrop of deteriorating economic dynamic, the consolidated debt of the subjects and municipalities of the Russian Federation amounted to Rb3.16 trillion, or 2.09% of GDP, as of January 1, 2023. Despite an increase by Rb...
Persistent link: https://www.econbiz.de/10014347063
Public administration reform as a response to the requirements of socio-economic environment change, is a process that develops both at central and local level, aiming to an institutional framework achievement, suitable for administrative and financial decentralization, under the European Union...
Persistent link: https://www.econbiz.de/10011079663
Public administration reform as a response to the requirements of socio-economic environment change, is a process that develops both at central and local level, aiming to an institutional framework achievement, suitable for administrative and financial decentralization, under the European Union...
Persistent link: https://www.econbiz.de/10010700636