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Agglomeration effects, or the productivity benefits that stem from high employment densities, are being achieved in Auckland's central business district (CBD). This provides support for Auckland's economic transformation. However, questions remain as to the nature of these effects, and whether...
Persistent link: https://www.econbiz.de/10008502047
Vigorous debate around Auckland's role in the New Zealand economy continues. By examining the presence of agglomeration effects in Auckland, this paper presents a new set of relationships by which Auckland's productivity performance can be considered. The major finding of the paper is that...
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In this paper we examine financial interactions between tiers of government. Whilst most existing empirical evidence has focused on the US, it is difficult to generalize conclusions obtained to countries where the position and remit of lower tiers of government is evolving or is less clear...
Persistent link: https://www.econbiz.de/10010261062
This paper contributes to a developing literature that examines financial interactions between different levels of government. More specifically, we investigate the use of grants, shared tax revenues, and their impact on fiscal outcomes, including decentralized service provision. Most existing...
Persistent link: https://www.econbiz.de/10011318921
By spending more than they are able to raise, sub-central governments typically depend heavily upon central transfers to meet their expenditure responsibilities. While grants remain the most popular method of transfer, the possible use of tax sharing arrangements as an alternative method of...
Persistent link: https://www.econbiz.de/10011325201
In this paper we examine how sub-central governments respond to significant changes in their grant allocations. We focus on the reactions of State, Regional and Local governments in fifteen countries over a period of 20 to 30 years to significant exogenous increases and decreases in their grant...
Persistent link: https://www.econbiz.de/10011325420