Showing 1 - 10 of 1,224
Persistent link: https://www.econbiz.de/10012999256
This paper assesses how decentralization can contribute, if proper political and fiscal institutions are present, to … improving service delivery in Asia. In other words, decentralization is an opportunity and a challenge at the same time. The … issues leading to "partial decentralization" that is common to most models. Consideration is also given to the emerging …
Persistent link: https://www.econbiz.de/10010336939
. We show the potential existence of a poverty trap as a result of decentralization in taxation decisions. …
Persistent link: https://www.econbiz.de/10011762207
This paper studies the equilibrium effects of local fiscal autonomy accounting for benefits from self-determination. It proposes a quantifiable structural equilibrium framework in which imperfectly mobile heterogeneous households sort themselves across jurisdictions under endogenous public good...
Persistent link: https://www.econbiz.de/10012694121
setting in Switzerland to study the issue empirically. According to our findings tax decentralization tends to reduce … consider the interdependence of decentralization and fragmentation as inequality decreasing effects of decentralization are …
Persistent link: https://www.econbiz.de/10011942832
A rigorous understanding of the developmental effect of fiscal transfers to subnational governments remains an important policy research issue globally. This paper exploits a novel dataset of 20 years of municipal poverty maps and local public finances to study the effects on local welfare of a...
Persistent link: https://www.econbiz.de/10012202072
In the context of EMU fiscal equalization schemes have been proposed as a means to stabilize regions against asymmetric shocks. A theoretical analysis shows that besides reducing the cross-sectional income variance the redistributive element of fiscal equalization causes incentive effects for...
Persistent link: https://www.econbiz.de/10010297892
In the context of EMU fiscal equalization schemes have been proposed as a means to stabilize regions against asymmetric shocks. A theoretical analysis shows that besides reducing the cross-sectional income variance the redistributive element of fiscal equalization causes incentive effects for...
Persistent link: https://www.econbiz.de/10011442662
Heterogeneous countries may rationally choose to form a currency union first, and a fiscal union later. Taking into account the sovereignty loss involved in the formation of a fiscal union, we find reasonable conditions on the determinants of volatility for the currency and then fiscal...
Persistent link: https://www.econbiz.de/10013098541
In the context of EMU fiscal equalization schemes have been proposed as a means to stabilize regions against asymmetric shocks. A theoretical analysis shows that besides reducing the cross-sectional income variance the redistributive element of fiscal equalization causes incentive effects for...
Persistent link: https://www.econbiz.de/10013428245