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Decentralization reforms typically lead to the coexistence of multiple tiers of government in a given policy area. To analyze the welfare effects of such partial decentralization, this paper develops a political agency model in which two levels of government are involved in public good provision...
Persistent link: https://www.econbiz.de/10005027209
This paper tests the hypothesis that, by giving people more voice in the government decision-making process, fiscal decentralisation fosters social capital, measured in terms of interpersonal trust. Empirical evidence based on World Values Survey data and seemingly unrelated probit estimations...
Persistent link: https://www.econbiz.de/10008764470
important shortcomings. States and municipalities have become heavily dependent on federal transfers to finance a growing share … limiting further increases in transfers and avoiding extraordinary transfers. Promoting the implementation of stronger fiscal … déficiences importantes. Les États et les communes sont désormais très tributaires des transferts fédéraux pour financer une part …
Persistent link: https://www.econbiz.de/10011277017
between states. Trade barriers reduced the benefits of a common market and undermined market-preserving federalism (Weingast …
Persistent link: https://www.econbiz.de/10012912831
important shortcomings. States and municipalities have become heavily dependent on federal transfers to finance a growing share … limiting further increases in transfers and avoiding extraordinary transfers. Promoting the implementation of stronger fiscal …
Persistent link: https://www.econbiz.de/10010231114
supranational integration at a larger scale. In this paper federalism, as a division of sovereignty between several orders of … revenues which distinguish Canadian federalism from its US counterpart. For these programmes channel competition between …
Persistent link: https://www.econbiz.de/10011074314
defined territorial units, and in regions which received larger federal transfers and loans. Regional governors appear to use … extract transfers. …
Persistent link: https://www.econbiz.de/10010262369
The objective of this paper is to analyze the amount of risk sharing of output that takes place between regions in Sweden. Using the approach by Asdrubali et al. (1996), further developed by Mélitz and Zumer (2002), we find that the capital market is the largest source of risk sharing of gross...
Persistent link: https://www.econbiz.de/10005652024
defined territorial units, and in regions which received larger federal transfers and loans. Regional governors appear to use … extract transfers. …
Persistent link: https://www.econbiz.de/10011335239
We empirically analyze the determinants of the fiscal decentralization in the European Union. Our approach consists on a quantile regression for the period 2005-2017. The results show the differences in the impact of explanatory variables on the fiscal decentralization by quantiles....
Persistent link: https://www.econbiz.de/10012821280