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http://hdl.handle.net/2445/119349
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DC Field | Value | Language |
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dc.contributor.author | Foremny, Dirk | - |
dc.date.accessioned | 2018-01-26T14:16:32Z | - |
dc.date.available | 2018-01-26T14:16:32Z | - |
dc.date.issued | 2014-06 | - |
dc.identifier.issn | 0176-2680 | - |
dc.identifier.uri | http://hdl.handle.net/2445/119349 | - |
dc.description.abstract | This paper empirically examines how fiscal rules and tax autonomy influence deficits of sub-national sectors across European countries. I use a new panel-data set to measure tax autonomy and the stringency of fiscal rules for EU15 regional and local government sectors over the period 1995 to 2008. I apply an instrumental variables approach to obtain an unbiased estimate of the impact of fiscal rules on deficits. I use political variables describing the central governments characteristics as instruments for fiscal rules at the sub-national level. The results show that the effectiveness of fiscal rules and tax autonomy depends on the constitutional structure. Fiscal rules decrease deficits only in unitary countries. Deficits of sub-national sectors in federations can be avoided through tax autonomy. | - |
dc.format.extent | 25 p. | - |
dc.format.mimetype | application/pdf | - |
dc.language.iso | eng | - |
dc.publisher | Elsevier | - |
dc.relation.isformatof | Versió postprint del document publicat a: https://doi.org/10.1016/j.ejpoleco.2014.01.003 | - |
dc.relation.ispartof | European Journal of Political Economy, 2014, vol. 34, num. June, p. 86-110 | - |
dc.relation.uri | https://doi.org/10.1016/j.ejpoleco.2014.01.003 | - |
dc.rights | (c) Elsevier, 2014 | - |
dc.source | Articles publicats en revistes (Economia) | - |
dc.subject.classification | Política fiscal | - |
dc.subject.classification | Dèficit públic | - |
dc.subject.classification | Deute tributari | - |
dc.subject.classification | Països de la Unió Europea | - |
dc.subject.other | Fiscal policy | - |
dc.subject.other | Budget deficits | - |
dc.subject.other | Tax debt | - |
dc.subject.other | European Union countries | - |
dc.title | Sub-national deficits in European countries: The impact of fiscal rules and tax autonomy | - |
dc.type | info:eu-repo/semantics/article | - |
dc.type | info:eu-repo/semantics/acceptedVersion | - |
dc.identifier.idgrec | 649450 | - |
dc.date.updated | 2018-01-26T14:16:32Z | - |
dc.rights.accessRights | info:eu-repo/semantics/openAccess | - |
Appears in Collections: | Articles publicats en revistes (Economia) |
Files in This Item:
File | Description | Size | Format | |
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649450.pdf | 595.98 kB | Adobe PDF | View/Open |
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