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clear evidence for a causal relationship between economic and European integration and fiscal decentralization in the case …
Persistent link: https://www.econbiz.de/10010297454
clear evidence for a causal relationship between economic and European integration and fiscal decentralization in the case …
Persistent link: https://www.econbiz.de/10005097662
This paper explores the impact of Korean unification on North and South Korea under the hypothetical scenario that unification takes place along the peaceful but unanticipated path similar to the experience of German reunification. Using a global dynamic intertemporal general equilibrium model,...
Persistent link: https://www.econbiz.de/10014110560
provides no clear evidence for a causal relationship between economic and European integration and fiscal decentralization in …
Persistent link: https://www.econbiz.de/10014027684
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
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
Regional disparities within the European Union have always been perceived as an impediment to monetary integration. This is why discussions on a joint currency, from their very beginning, were linked to compensatory payments in the form of regional policy payments. Structural assistance to poor...
Persistent link: https://www.econbiz.de/10013043888
decentralization and centralization. In particular, the paper weighs the benefits of centralization against the benefits of … decentralized policy experimentation. Meanwhile, the exact amount of (de)centralization proves elusive. In consequence, the national … level may provide the best option to pragmatically balancing the benefits of both centralization and decentralization. …
Persistent link: https://www.econbiz.de/10011868632
decentralization have a positive and significant effect on the overall subjective well-being of individuals. However, fiscal … decentralization has a different effect on the perception of institutions depending on whether we consider subnational expenditure or … revenues. Similarly, the effect of political decentralization on the level of satisfaction with institutions also varies …
Persistent link: https://www.econbiz.de/10011513958
decentralization and centralization. In particular, the paper weighs the benefits of centralization against the benefits of … decentralized policy experimentation. Meanwhile, the exact amount of (de)centralization proves elusive. In consequence, the national … level may provide the best option to pragmatically balancing the benefits of both centralization and decentralization. …
Persistent link: https://www.econbiz.de/10011861923