Asymmetric and non-linear adjustments in local fiscal policy

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.

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Year of publication:	2009
Authors:	Legrenzi, Gabriella Deborah
Publisher:	Munich : Center for Economic Studies and ifo Institute (CESifo)
Subject:	Kommunale Finanzpolitik \| Flypaper-Effekt \| Schätzung \| Italien \| Fiscal federalism \| fly-paper effect \| non-linear time-series \| asymmetric adjustment

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Series:	CESifo Working Paper ; 2550
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	59285602X [GVK] 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:	EconStor

Persistent link: https://www.econbiz.de/10010264560