Showing 1 - 10 of 3,048
regional revenues) in the entire Autonomous regions’ trajectory. Finally, it is worth noting the surprising lack of commitment … in terms of effective corresponsibility and budgeting consolidation in regional governments, which can be explained an …
Persistent link: https://www.econbiz.de/10010841087
This paper reviews the research literature relevant to economic development incentives provided by state and local governments, and recommends reforms in these incentives. I argue that the main problem with current incentive policies is that state and local governments often provide incentives...
Persistent link: https://www.econbiz.de/10005030689
degree of regional tax competition is good for country’s welfare. Moreover, we show that the implementation of the regional … firmspecific policies weakly welfare dominates the implementation of the regional non-firmspecific ones. Hence the not infrequent …
Persistent link: https://www.econbiz.de/10008578184
This paper models inter-jurisdiction competition for foreign direct investment and optimal government policy intervention to protect the national interest. The inter-jurisdiction competition for a multinational has the potential of favouring the multinational and of becoming detrimental for the...
Persistent link: https://www.econbiz.de/10005673123
regional governments. We use a model that has two regions, each with households, firms, and a regional government as well as a … federal government. The households, firms, and regional governments are all optimizers--households maximize utility, firms … maximize profits, and we assume that regional governments are empire-builders in that they choose their expenditure and tax …
Persistent link: https://www.econbiz.de/10010547673
Performance of fiscal policy, while good in international comparison, is not sufficient to prepare for future ageing-related spending increases. Subject to macroeconomic developments, the pace of consolidation could be more ambitious than currently planned, with a view to reducing the debt...
Persistent link: https://www.econbiz.de/10009358637
This paper is trying to establish, in Romania, at macroeconomic level, quantitative and qualitative, relations between gross domestic product and governmental and local revenues.
Persistent link: https://www.econbiz.de/10005622089
Equalisation grants can affect a state's fiscal behaviour because its tax policies can affect the size of its grant. For a large state, an increase in its tax rate will increase the standard tax rate used to calculate the grant for that base and thereby reduce (increase) the state's grant if it...
Persistent link: https://www.econbiz.de/10005523880
Fiscal decentralisation - the devolution of taxing and spending powers to lowe levels of government - has become an important theme of governance in many developing countries in recent years. Accordingly, restructuring of governmental functions and finances between the national and lower levels...
Persistent link: https://www.econbiz.de/10005478659
The study draws on the theory of optimal taxation and the practice in a number of federal and unitary countries to outline the conceptual framework of the allocation of revenue responsibilities among levels of government. À distinction has been made between decentralized tax policy (the power...
Persistent link: https://www.econbiz.de/10005385216