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Estimating the Impact of Gubernatorial Partisanship on Policy Settings and Economic Outcomes: A Regression Discontinuity Approach

Leigh, Andrew - Research School of Economics, College of Business and … - 2007

Using panel data from US states over the period 1941-2002, I measure the impact of gubernatorial partisanship on a wide range of different policy settings and economic outcomes. Across 32 measures, there are surprisingly few differences in policy settings, social outcomes and economic outcomes...

Persistent link: https://www.econbiz.de/10004977260

Fiscal Federalism in Times of Crisis

Foremny, Dirk; von Hagen, Jürgen - C.E.P.R. Discussion Papers - 2012

We study the subnational fiscal adjustment to the Great Recession in a sample of European countries. We find that there are important differences between unitary and federal countries. Subnational governments in federal states reacted to the Great Recession by running larger budget deficits...

Persistent link: https://www.econbiz.de/10011083379

What’s the Difference Between a Donkey and an Elephant? Using Panel Data from US States to Estimate the Impact of Partisanship on Policy Settings and Economic Outcomes

Leigh, Andrew - Research School of Economics, College of Business and … - 2005

Using panel data from US states, I measure the impact of partisanship on a wide range of different policy settings and economic outcomes. Across 32 measures, there are surprisingly few differences in policy settings, social outcomes and economic outcomes under Democrats and Republicans. In terms...

Persistent link: https://www.econbiz.de/10005032821

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 composition. However, oil abundance causes municipal revenues and reported …

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

Russian Fiscal Federalism: Impact of Political and Fiscal (De)centralization

Alexeev, Michael; Weber, Shlomo - C.E.P.R. Discussion Papers - 2013

The extent of political and fiscal centralization in Russia has experienced dramatic changes since the end of the Soviet era. The heavily centralized, both politically and economically, federal structures became dysfunctional and unstable until the introduction of the Budget and Tax Codes over...

Persistent link: https://www.econbiz.de/10011084505

Horizontal and Vertical Indirect Tax Competition: Theory and Some Evidence From the USA

Devereux, Michael P.; Lockwood, Ben; Redoano, Michela - C.E.P.R. Discussion Papers - 2004

This Paper provides a simple theoretical framework for analysing simultaneous vertical and horizontal competition in excise taxes, and estimates equations informed by the theory on a panel of US state and federal excise taxes on cigarettes and gasoline. We also examine the role played by...

Persistent link: https://www.econbiz.de/10005661650

Does a Currency Union Affect Trade? The Time Series Evidence

Glick, Reuven; Rose, Andrew K - C.E.P.R. Discussion Papers - 2001

Does leaving a currency union reduce international trade? We answer this question using a large annual panel data set covering over 230 countries from 1948-97. During this sample over one hundred pairs of countries had currency union dissolutions; they experienced economically and statistically...

Persistent link: https://www.econbiz.de/10005666714

Economic Reforms and Industrial Policy in a Panel of Chinese Cities

Alder, Simon; Shao, Lin; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 2013

positive effects of SEZ. …

Persistent link: https://www.econbiz.de/10011084232

Moderating Political Extremism: Single Round vs Runoff Elections under Plurality Rule

Bordignon, Massimo; Nannicini, Tommaso; Tabellini, Guido - C.E.P.R. Discussion Papers - 2014

We compare single round vs runoff elections under plurality rule, allowing for partly endogenous party formation. Under runoff elections, the number of political candidates is larger, but the influence of extremist voters on equilibrium policy and hence policy volatility is smaller, because the...

Persistent link: https://www.econbiz.de/10011145395

On the Optimal Structure of Local Governments

Hochman, Oded; Pines, David; Thisse, Jacques-François - C.E.P.R. Discussion Papers - 1994

We show that space matters in designing the optimal provision of local public goods (LPGs). Geography imposes particular institutional structure of local governments due to the overlapping of market areas associated with different LPGs. The optimum can be decentralized through local governments...

Persistent link: https://www.econbiz.de/10005656169

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