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  • 标题:Sub-national fiscal policy under cooperative and non-cooperative models
  • 本地全文:下载
  • 作者:Ligia Alba Melo-Becerra
  • 期刊名称:Cuadernos de Economía
  • 印刷版ISSN:2248-4337
  • 出版年度:2015
  • 卷号:35
  • 期号:67
  • 页码:253-279
  • DOI:10.15446/cuad.econ.v35n67.52743
  • 语种:English
  • 出版社:Universidad Nacional de Colombia - Facultad de Ciencias Económicas
  • 摘要:This article presents a comparative analysis of the optimal fiscal response to shocks in the sub-national public sector in cooperative and non-cooperative models. The analysis is undertaken by comparing models that assume idiosyncratic demandside shocks and sub-national autonomy to collect taxes, with models that assume that the central government collects the taxes of the whole country and redistributes them across regions. Results show that under symmetrical conditions, the non-cooperative solution may result in greater stabilization and lower sub-national public expenditure than the cooperative solution. However, if regional asymmetries are introduced into the model, results may be reversed.
  • 关键词:Fiscal decentralization;non-cooperative models;cooperative models;sub-national governments
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