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This paper aims at questioning the link between local finances and the economic dynamism of cities. This issue is based on the frequently stressed cases (by the media) of uncontrolled expenses of cities, increased level of local taxes and negative effects on local economics. Therefore, as a...
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, we show that development policies implemented since the beginning of the international debt crisis of 1982 led to a …
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municipal mergers, control of municipal debt, taxes in general, the concept of user/payer, municipal equalization and …
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result of perpetual budget deficits and an increase in public debt. …
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. Jensen (1986) argues debt, like dividends, mitigate the non-value-maximizing activities by reducing the level of free cash … in the form of debt service, or in the form of dividends, has no positive influence on shareholder value. These …
Persistent link: https://www.econbiz.de/10005042531
This report was generated in the framework of consultations by the Subcommittee on Fiscal Imbalance of the House of Commons' Standing Committee on Finance. In the first instance, this study describes the various arguments used by the federal government and the provinces to substantiate or refute...
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This paper comments on economic infrastructures (communication and public goods) ; it takes into account the economic, monetary and financial consequences of these investments, including their geographic orientation.
Persistent link: https://www.econbiz.de/10005055247