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Dans cet article, nous dérivons de façon endogène le phénomène de contrainte budgétaire molle dans le cadre d’une fédération lorsque les décisions budgétaires sont prises au niveau décentralisé. Dans ce modèle, la mollesse de la contrainte budgétaire régionale découle de...
Persistent link: https://www.econbiz.de/10010944730
In this article, we endogenously derive the soft budget constraint phenomenon in a federation when fiscal decisions are delegated to regions. In this framework, the softness of the regional budget constraint results from federal government cross-subsidization objective. We analyse the impact of...
Persistent link: https://www.econbiz.de/10008578900
This paper compares the impact of two equalization transfer schemes on regional budgetary choices: a gross equalization scheme, where ex-post transfers to regions are financed from federal tax revenues, and a net equalization scheme, where region-to-region ex-post transfers allocated by the...
Persistent link: https://www.econbiz.de/10008871868
Persistent link: https://www.econbiz.de/10007947338
Persistent link: https://www.econbiz.de/10008436091
This paper compares the impact of two equalization transfer schemes on regional budgetary choices: a gross equalization scheme, where ex-post transfers to regions are financed from federal tax revenues, and a net equalization scheme, where region-to-region ex-post transfers allocated by the...
Persistent link: https://www.econbiz.de/10011141835
We analyze how the merger of regions affects capital tax competition in a two-tier territorial organization where both regions and cities share the same mobile tax base. We identify three effects generated by the merger of regions that impact, either directly or indirectly, both regional and...
Persistent link: https://www.econbiz.de/10010736915
The purpose of this paper is to analyze the effect of inter-municipal cooperation on local taxation. Municipalities that join/create an inter-municipal jurisdiction choose between three tax regimes, which may induce both horizontal and vertical tax externalities. Using the differences in...
Persistent link: https://www.econbiz.de/10009216792
Our paper identifies a potential problem with decentralization at a time when its virtues are widely extolled. We show that responsibility for equalization at multi-levels within a decentralized federation creates an overlapping equalization policy that can worsen fiscal discipline. Contrary to...
Persistent link: https://www.econbiz.de/10008565681
This article evaluates the efficiency of a market for tradable deficit permits as a mechanism for implementing budgetary austerity at the local level, when the initial allocation of deficit rights can be manipulated. The way déficit rights are allocated in the market turns out to be decisive...
Persistent link: https://www.econbiz.de/10008578621