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We propose a theory of tax centralization and inter governmental grants in politico-economic equilibrium. The cost of … the local level. This renders the degree of tax centralization and the tax burden determinate even if none of the … traditional, expenditure-related motives for centralization considered in the fiscal federalism literature is present. If central …
Persistent link: https://www.econbiz.de/10011523838
We propose a theory of tax centralization in politico-economic equilibrium. Taxation has dynamic general equilibrium … spending and taxation and create a role for inter governmental grants. The model provides an explanation for the centralization …
Persistent link: https://www.econbiz.de/10011810615
Renewable energy (RE) policies are widely used to decarbonize power generation and implemented at various governance levels. We use an analytically tractable two-level model to study the effects of overlapping RE policies from the federal and state governments. We find that there are contrasting...
Persistent link: https://www.econbiz.de/10012029031
Malaysia has a federal structure of government, suggesting substantial decentralization. In practice, however, the autonomy of subnational tiers has been systematically undermined through a range of mechanisms examined in this paper, creating a system that is highly centralized in practice. With...
Persistent link: https://www.econbiz.de/10015187970
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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
This major Handbook addresses fiscal relations between different levels of government under the general rubric of "fiscal federalism", providing a review of the latest literature as well as an invaluable guide for practitioners and policy makers seeking informed policy options. The contributors...
Persistent link: https://www.econbiz.de/10011851106
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