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Fiscal equalization and the tax structure
Holm-Hadulla, Fédéric - 2018
Sub-national governments often finance substantial parts of their budgets via taxes on capital or other mobile factors - despite having access to alternative, less distortionary, revenue sources. This paper develops three hypotheses to explain this pattern and tests them in a natural experiment...
Persistent link: https://www.econbiz.de/10011929809
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Taxation with Representation : Intergovernmental Grants in a Plebiscite Democracy
Lutz, Byron F. - 2006
Economic theory predicts that unconditional intergovernmental grant income and private income are perfectly fungible. Despite this prediction, the literature on fiscal federalism documents that grant and private income are empirically non-equivalent. A large scale school finance reform in New...
Persistent link: https://www.econbiz.de/10012733724
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How much should we trust Regression-Kink-Design estimates?
Ando, Michihito - 2013
In a Regression Kink (RK) design with a finite sample, a confounding smooth nonlinear relationship between an assignment variable and an outcome variable around a threshold can be spuriously picked up as a kink and result in a biased estimate. In order to investigate how well RK designs handle...
Persistent link: https://www.econbiz.de/10010211390
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Local Property and State Income Taxes : The Role of Interjurisdictional Competition and Collusion
Nechyba, Thomas J. - 2008
This paper addresses two long-standing positive questions in public finance: 1) Why is the property tax, despite widespread popular complaints against its fairness, the almost exclusive tax instrument used by local governments; and 2) why do we consistently observe higher levels of governments...
Persistent link: https://www.econbiz.de/10014073809
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Fiscal federalism and economic performance: evidence from Swiss cantons
Feld, Lars P.; Kirchgässner, Gebhard; Schaltegger, … - 2004
The advantages and disadvantages of fiscal federalism are widely discussed in economics and political science. While some authors argue that federalism favors individual initiatives and serves as a market preserving device, others emphasize the dangers arising from an increasing corruption and...
Persistent link: https://www.econbiz.de/10010265752
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Are the subsidies to private capital useful? : a multiple regression discontinuity design approach
Pellegrini, Guido; Cerqua, Augusto - 2011
There is still little consensus on the effectiveness of business support policies. The empirical evaluation is complicated by the difficulty in achieving reliable identification. We analyse the impact of Law 488/92, the main Italian regional policy. We propose a new approach, named multiple...
Persistent link: https://www.econbiz.de/10011535246
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Public subsidies, TFP and Efficiency : a tale of complex relationships
Bernini, Cristina; Cerqua, Augusto; Pellegrini, Guido - 2015
The paper analyses the causal effect of capital subsidies on firms' efficiency and productivity by exploiting the … allocating subsidies to projects allows us to use a regression discontinuity design (henceforth RDD). We show that a suitable … the effects of the subsidies after 5 years from the subsidized investment. The results show that , after four years, the …
Persistent link: https://www.econbiz.de/10011481750
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Ex-post evaluation of territorial integrated projects in Italy : an empirical analysis at firm level : 53rd ERSA Congress - Palermo - August 27-31, 2013
Cusimano, Alessandro; Mazzola, Fabio - 2013
performances of the beneficiaries of subsidies provided by TIP, as compared to non-beneficiaries. In particular a subset of firms … which received subsidies in the period 2002-2007 is considered, through the implementation of an empirical analysis which … firms receiving subsidies is compared with a control group, constructed among firms having similar characteristics to …
Persistent link: https://www.econbiz.de/10011504654
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Are the Subsidies to Private Capital Useful? A Multiple Regression Discontinuity Design Approach
Cerqua, Augusto - 2013
There is still little consensus on the effectiveness of business support policies. The empirical evaluation is complicated by the difficulty in achieving reliable identification. We analyse the impact of Law 488/92, the main Italian regional policy. We propose a new approach, named multiple...
Persistent link: https://www.econbiz.de/10013081253
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The effects of child care subsidies on paid child care participation and labor market outcomes: evidence from the child and dependent care credit
Pepin, Gabrielle - 2020
The Child and Dependent Care Credit (CDCC), a tax credit based on taxpayers' income and child care expenses, reduces families' child care costs. The nonrefundable federal CDCC is available to working families with children younger than 13 years old in all states, and nearly half of states...
Persistent link: https://www.econbiz.de/10012257082