Search results for "jel:H71"

showing 3 items of 3 documents

Can fiscal decentralization alleviate government consumption volatility?

2016

We analyse how fiscal decentralization affects the volatility of government consumption extending the existing literature that mainly deals with the effects of the former on government size. Using data for 97 developed and developing countries from 1971 to 2010, we find that a higher degree of fiscal decentralization leads to lower government consumption volatility. This result holds for the sub-sample of advanced economies, while it is not confirmed for those less-developed. This mechanism seems to work mainly through a lower volatility of the non-discretionary spending, which typically belongs to the central government’s policy. We also confirm existing findings according to which country…

Macroeconomicsjel:E62jel:H60Decentralization0502 economics and businessEconomics050207 economics050205 econometrics Government spendingFiscal imbalanceautomatic stabilisers; country size; fiscal decentralization; fiscal policy; spending volatility; economics and econometricsfiscal decentralization05 social sciencesautomatic stabiliserseconomics and econometricsAutomatic stabiliserjel:H71jel:H72Fiscal unionFiscal policyFiscal policy fiscal decentralization spending volatility automatic stabilisers country sizeCentral governmentGovernment revenueVolatility (finance)country sizefiscal policyspending volatility
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Mantenimiento temporal de la equidad horizontal en el sistema de financiación autonómica.

2011

Este trabajo propone un mecanismo de actualización del sistema de financiación autonómica que mantiene la equidad horizontal a lo largo del tiempo, al que se denomina mecanismo de las “Relatividades Constantes”. En este contexto, el trabajo examina críticamente el concepto de necesidades de gasto utilizado en la financiación autonómica española, propone una definición operativa del mismo, e identifica un índice global de necesidades que replica la distribución de recursos normativos del nuevo modelo de financiación. Utilizando este índice global, el artículo ilustra empíricamente el mecanismo de actualización propuesto y compara los resultados con los obtenidos a partir de la regla existent…

financiación autonómica equidad horizontal actualización.jel:H73jel:H71jel:H77Hacienda Pública Española/Revista de Economía Pública
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Ex-post evaluation of Territorial Integrated Projects in Italy: an empirical analysis at firm level

2013

This paper focuses on the evaluation of an incentive program for firms implemented in southern Italy during the last decade. In the framework of the policy instruments aimed to reduce territorial disparities, and to support local development, territorial integrated projects (TIP) constituted a new operational mode to implement the Regional Operational Programmes. A TIP is defined as a ?set of inter-sectorial actions, closely consistent and linked among them, which converge towards the common objective of territorial development and justify a unitary implementation approach'. The resources allocated for each TIP may be aimed at three types of interventions such as infrastructures, public act…

propensity score matchingR58Settore SECS-P/02 Politica Economicajel:H71ex-post evaluation; local development; public subsidies; propensity score matching; difference-in-differences.local developmentpublic subsidiesjel:L5difference-in-differencesddc:330L5jel:R58ex-post evaluationH71evaluation territorial firm
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