Asymmetric and non-linear adjustments in local fiscal policy

Gabriella Deborah Legrenzi

We analyse the revenue-expenditure patterns of local governments, allowing for asymmetric and non-linear adjustments of local spending and taxation to disequilibrium errors. Our results provide evidence of a downward inflexibility of both local government spending and local taxation, pointing to a budget-maximising local government. -- Fiscal federalism ; fly-paper effect ; non-linear time-series ; asymmetric adjustment

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Year of publication:	2009
Authors:	Legrenzi, Gabriella Deborah
Publisher:	München : CESifo
Subject:	Kommunale Finanzpolitik \| Local fiscal policy \| Flypaper-Effekt \| Flypaper effect \| Schätzung \| Estimation \| Italien \| Italy \| 1955-2003

Extent:	Online-Ressource (PDF-Datei: 27 S., 300 KB) graph. Darst.
Series:	CESifo working papers. - München : [Verlag nicht ermittelbar], ISSN 2364-1428, ZDB-ID 2065232-X. - Vol. 2550
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Other identifiers:	hdl:10419/26595 [Handle]
Classification:	H10 - Structure and Scope of Government. General ; H71 - State and Local Taxation, Subsidies, and Revenue ; C22 - Time-Series Models
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10003808136