On the determinants of fiscal centralization: theory and evidence

Article Abstract:

A model that consolidates most of the results of fiscal federalism literature which refers to an economy characterized by two government levels is presented. A set of measures of fiscal centralization is used to test the predictions of the model. Findings indicate a negative correlation between the income per capita, country size, ethnic fractionalization and level of democracy and the degree of fiscal centralization.

Decentralized Organization, Federalism, Decentralization in government, Government decentralization, Decentralization (Management)

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Debts and deficits with fragmented fiscal policymaking

Article Abstract:

A political-economic model is used to assess fiscal policy, and government resources are taken to represent common property. The effects of this model on debt, fiscal deficits, and transfers are examined in detail.

Budget deficits

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The taking of land: market value compensation should be paid

Article Abstract:

Issues relating to expropiation of private property by governments are examined in detail. Policy implications and a tax and compensation proposal are set out.

Research, Tax administration and procedure, Tax administration, Eminent domain (Law)

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