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between central and local governments. By numerical simulations, we show that the optimal fiscal federalism should impose …
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In the aftermath of the financial crisis, with periphery countries in the European Union even more falling behind the core countries economically, there have been quests for various kind of fiscal policies in order to revert divergence. How these policies would unfold and perform comparatively...
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Most countries pay substantial intergovernmental transfers to poor regions. Since these transfers are often paid with the aim of achieving regional convergence, they should have a positive effect on economic growth. However, it is equally possible that transfers perpetuate under-development by...
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The link between federalism and economic performance is still ambiguous. Aiming at clarification, we improve on a … widespread shortcoming by measuring federalism not just by one variable but by various institutions that constitute it. To this … end, Switzerland provides for a laboratory as its 26 cantons share a common framework, while the extent of federalism …
Persistent link: https://www.econbiz.de/10011903827
The link between federalism and economic performance is still ambiguous. Aiming at clarification, we improve on a … widespread shortcoming by measuring federalism not just by one variable but by various institutions that constitute it. To this … end, Switzerland provides for a laboratory as its 26 cantons share a common framework, while the extent of federalism …
Persistent link: https://www.econbiz.de/10012426943