Showing 1 - 10 of 8,197
The paper compares decision-making on the centralisation of public goods provision in the presence of regional …. Instead, it is shown that the existence of rent extraction by delegates alone suffices to make cooperative centralisation more … design under representative democracy increase the likelihood of centralisation. Direct democracy may thus be interpreted as …
Persistent link: https://www.econbiz.de/10003592733
The relative scope of federal and state power under the U.S. Constitution has been a major bone of contention for over 200 years. Courts have sometimes enforced substantial limits on federal authority by striking down federal laws deemed to be outside the scope of Congress’ enumerated powers...
Persistent link: https://www.econbiz.de/10014154672
In some ways, a 2012 symposium on “Dilemmas of State Debt” may seem a bit behind the news curve. At the end of 2010, municipal bond markets were in a deep funk. Analysts predicted that countless municipalities and perhaps one or more of the United States might default on their debt...
Persistent link: https://www.econbiz.de/10014164095
The main features of China’s current sub-national finance arrangements date back to the 1994 tax reform. China has a multi-level government structure that shares national tax revenues through a system of tax sharing and transfers, and divides spending assignments and responsibilities. Local...
Persistent link: https://www.econbiz.de/10009711209
This paper analyzes the lack of civic engagement in local government decision-making and the problems that result from it. I consider one explanation as viewed through public choice theory: dominant special interest groups capture local governments for their own private interests. Thus, average...
Persistent link: https://www.econbiz.de/10012773368
This paper explores the nuanced relationship between fiscal decentralization and fiscal sustainability. Employing panel data analyses, it scrutinizes how decentralization influences fiscal discipline across different governmental levels. Results for 185 countries show that while tax...
Persistent link: https://www.econbiz.de/10014543839
The paper compares decision-making on the centralisation of public goods provision in the presence of regional …. Instead, it is shown that the existence of rent extraction by delegates alone suffices to make cooperative centralisation more … design under representative democracy increase the likelihood of centralisation. Direct democracy may thus be interpreted as …
Persistent link: https://www.econbiz.de/10013317425
We explore how the vertical structure of direct democracy in a federal context affects expenditure decisions of sub-central governments. In so doing we revisit previous research on the effect of direct democratic institution on public policies. Particularly, the effect of upper-level (state)...
Persistent link: https://www.econbiz.de/10009665388
The paper examines the role of the vertical structure of the public sector for economic growth in Germany in a long-term perspective. A theoretical model shows that, due to spillover effects of public service provision across lower level governments, federal government activities could have...
Persistent link: https://www.econbiz.de/10014113360
The paper reconsiders the theory of fiscal federalism in a framework inspired by property-rights theory. We set up a two-period model where on a first stage a region in a federation can expend value-enhancing investments into a public project. The project can be implemented on a second stage,...
Persistent link: https://www.econbiz.de/10011538721