Decentralization and the duration of fiscal consolidation: Shifting the burden across layers of government

This paper analyzes the relationship between fiscal decentralization, the duration of fiscal consolidation episodes, and their success for 17 OECD countries between 1978 and 2009. The consolidation of the general government budget appears to be of longer duration when expenditure decisions are more...

Descripción completa

Detalles Bibliográficos
Autores: Foremny, Dirk, Sacchi, Agnese, Salotti, Simone
Tipo de recurso: artículo
Estado:Versión aceptada para publicación
Fecha de publicación:2017
País:España
Institución:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
Repositorio:Recercat. Dipósit de la Recerca de Catalunya
OAI Identifier:oai:recercat.cat:2445/119528
Acceso en línea:https://hdl.handle.net/2445/119528
Access Level:acceso abierto
Palabra clave:Administració fiscal
Descentralització administrativa
Tax administration and procedure
Decentralization in government
id ES_afccfb49f5dcfb879ededd538428765d
oai_identifier_str oai:recercat.cat:2445/119528
network_acronym_str ES
network_name_str España
repository_id_str
spelling Decentralization and the duration of fiscal consolidation: Shifting the burden across layers of governmentForemny, DirkSacchi, AgneseSalotti, SimoneAdministració fiscalDescentralització administrativaTax administration and procedureDecentralization in governmentThis paper analyzes the relationship between fiscal decentralization, the duration of fiscal consolidation episodes, and their success for 17 OECD countries between 1978 and 2009. The consolidation of the general government budget appears to be of longer duration when expenditure decisions are more decentralized. We also find that transfers from higher levels of government are cut during consolidation episodes, suggesting that central governments shift the burden of consolidation towards lower tiers of government. This is especially true when the latter have little legal autonomy to raise tax revenues and have little influence over executive decisions taken at the central level. We document that this increases local governments' public debt/GDP ratios. In terms of the success of consolidation episodes, countries with greater degrees of decentralization appear to make smaller improvements in their primary balance when consolidating.Springer Verlag2018201820172018info:eu-repo/semantics/articleinfo:eu-repo/semantics/acceptedVersion29 p.application/pdfhttps://hdl.handle.net/2445/119528Articles publicats en revistes (Economia)reponame:Recercat. Dipósit de la Recerca de Catalunyainstname:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)InglésVersió postprint del document publicat a: https://doi.org/10.1007/s11127-017-0441-0Public Choice, 2017, vol. 171, num. 3-4, p. 359-387https://doi.org/10.1007/s11127-017-0441-0(c) Springer Verlag, 2017info:eu-repo/semantics/openAccessoai:recercat.cat:2445/1195282026-05-29T05:05:01Z
dc.title.none.fl_str_mv Decentralization and the duration of fiscal consolidation: Shifting the burden across layers of government
title Decentralization and the duration of fiscal consolidation: Shifting the burden across layers of government
spellingShingle Decentralization and the duration of fiscal consolidation: Shifting the burden across layers of government
Foremny, Dirk
Administració fiscal
Descentralització administrativa
Tax administration and procedure
Decentralization in government
title_short Decentralization and the duration of fiscal consolidation: Shifting the burden across layers of government
title_full Decentralization and the duration of fiscal consolidation: Shifting the burden across layers of government
title_fullStr Decentralization and the duration of fiscal consolidation: Shifting the burden across layers of government
title_full_unstemmed Decentralization and the duration of fiscal consolidation: Shifting the burden across layers of government
title_sort Decentralization and the duration of fiscal consolidation: Shifting the burden across layers of government
dc.creator.none.fl_str_mv Foremny, Dirk
Sacchi, Agnese
Salotti, Simone
author Foremny, Dirk
author_facet Foremny, Dirk
Sacchi, Agnese
Salotti, Simone
author_role author
author2 Sacchi, Agnese
Salotti, Simone
author2_role author
author
dc.subject.none.fl_str_mv Administració fiscal
Descentralització administrativa
Tax administration and procedure
Decentralization in government
topic Administració fiscal
Descentralització administrativa
Tax administration and procedure
Decentralization in government
description This paper analyzes the relationship between fiscal decentralization, the duration of fiscal consolidation episodes, and their success for 17 OECD countries between 1978 and 2009. The consolidation of the general government budget appears to be of longer duration when expenditure decisions are more decentralized. We also find that transfers from higher levels of government are cut during consolidation episodes, suggesting that central governments shift the burden of consolidation towards lower tiers of government. This is especially true when the latter have little legal autonomy to raise tax revenues and have little influence over executive decisions taken at the central level. We document that this increases local governments' public debt/GDP ratios. In terms of the success of consolidation episodes, countries with greater degrees of decentralization appear to make smaller improvements in their primary balance when consolidating.
publishDate 2017
dc.date.none.fl_str_mv 2017
2018
2018
2018
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/acceptedVersion
format article
status_str acceptedVersion
dc.identifier.none.fl_str_mv https://hdl.handle.net/2445/119528
url https://hdl.handle.net/2445/119528
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv Versió postprint del document publicat a: https://doi.org/10.1007/s11127-017-0441-0
Public Choice, 2017, vol. 171, num. 3-4, p. 359-387
https://doi.org/10.1007/s11127-017-0441-0
dc.rights.none.fl_str_mv (c) Springer Verlag, 2017
info:eu-repo/semantics/openAccess
rights_invalid_str_mv (c) Springer Verlag, 2017
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv 29 p.
application/pdf
dc.publisher.none.fl_str_mv Springer Verlag
publisher.none.fl_str_mv Springer Verlag
dc.source.none.fl_str_mv Articles publicats en revistes (Economia)
reponame:Recercat. Dipósit de la Recerca de Catalunya
instname:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
instname_str Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
reponame_str Recercat. Dipósit de la Recerca de Catalunya
collection Recercat. Dipósit de la Recerca de Catalunya
repository.name.fl_str_mv
repository.mail.fl_str_mv
_version_ 1869416715331305472
score 15,808905

Similares en LA Referencia