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Do Oil Windfalls Improve Living Standards? Evidence from Brazil

Caselli, Francesco; Michaels, Guy - C.E.P.R. Discussion Papers - 2009

We use variation in oil output among Brazilian municipalities to investigate the effects of resource windfalls. We find muted effects of oil through market channels: offshore oil has no effect on municipal non-oil GDP or its composition, while onshore oil has only modest effects on non-oil GDP...

Persistent link: https://www.econbiz.de/10008509470

Centralized versus Decentralized Provision of Local Public Goods: a Political Economy Analysis

Besley, Timothy J.; Coate, Stephen - C.E.P.R. Discussion Papers - 2000

This paper takes a fresh look at the trade-off between centralized and decentralized provision of local public goods. The point of departure is to model a centralized system as one in which public spending is financed by general taxation, but districts can receive different levels of local...

Persistent link: https://www.econbiz.de/10005791736

Government versus Private Ownership of Public Goods

Besley, Timothy J.; Ghatak, Maitreesh - C.E.P.R. Discussion Papers - 2001

There has been a dramatic change in the division of responsibility between the state and the private sector for the delivery of public goods and services in recent years with an increasing trend towards contracting out to the private sector and ‘public-private partnerships’. This Paper...

Persistent link: https://www.econbiz.de/10005661980

Defense R&D in the Anti-Terrorist Era

Trajtenberg, Manuel - C.E.P.R. Discussion Papers - 2004

This Paper seeks to analyse the nature of the terrorist threat following 9/11, and to explore the implications for defense R&D policy. First, it reviews the defining trends of defense R&D since the Cold War, and brings in pertinent empirical evidence: the US accumulated during the 1990s a...

Persistent link: https://www.econbiz.de/10005136658

Why Europe has become environmentally cleaner: Decomposing the roles of fiscal, trade and environmental policies

López, Ramón; Palacios, Amparo - C.E.P.R. Discussion Papers - 2011

This paper systematically examines the role of fiscal policy, trade and energy taxes on environmental quality in Europe using disaggregated data for 12 European countries over the 1995-2008 period. It uses a methodology that obtains estimates mostly free of time-varying omitted variable biases....

Persistent link: https://www.econbiz.de/10009278172

Viable Taxation

Perroni, Carlo; Scharf, Kimberley - C.E.P.R. Discussion Papers - 2004

Taxation is only sustainable if the general public complies with it. This observation is uncontroversial with tax practitioners but has been ignored by the public finance tradition, which has interpreted tax constitutions as binding contracts by which the power to tax is irretrievably conferred...

Persistent link: https://www.econbiz.de/10005114245

Property Rights, Corruption and the Allocation of Talent: A General Equilibrium Approach

Acemoglu, Daron; Verdier, Thierry - C.E.P.R. Discussion Papers - 1996

enforcement of property rights influences the ex-post distribution of rents, there is room for corruption. We characterize the …) rents to government employees; ii) corruption; and iii) misallocation of talent. Therefore, these observations are not by … corruption and the misallocation of talent, and increase investment. It will also often be the case that bureaucracies will …

Persistent link: https://www.econbiz.de/10005124188

The Political Resource Curse

Brollo, Fernanda; Nannicini, Tommaso; Perotti, Roberto; … - C.E.P.R. Discussion Papers - 2010

The paper studies the effect of additional government revenues on political corruption and on the quality of … endogenous entry of political candidates. The evidence refers to municipalities in Brazil, where federal transfers to municipal … implications of the theory and identify the causal effect of larger federal transfers on political corruption and the observed …

Persistent link: https://www.econbiz.de/10008468543

Interjurisdictional Competition and the Efficiency of the Public Sector: The Triumph of the Market over the State?

Rauscher, Michael - C.E.P.R. Discussion Papers - 1997

It has been argued in the literature that interjurisdictional competition forces the public sector to increase its efficiency and thus helps to tame Leviathan governments. The paper addresses this hypothesis by means of a simple tax-competition model with a Leviathan state. It is seen that the...

Persistent link: https://www.econbiz.de/10005661777

Law Enforcement and Transition

Roland, Gérard; Verdier, Thierry - C.E.P.R. Discussion Papers - 2000

We present a simple model to analyse law enforcement problems in transition economies. Law enforcement implies coordination problems and multiplicity of equilibria due to a law abidance and a fiscal externality. We analyse two institutional mechanisms for solving the coordination problem. A...

Persistent link: https://www.econbiz.de/10005504479