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Fiskalische Lücken auf Gemeindeebene im Kanton Zürich

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Abstract

In this contribution we are exploring to which extent municipalities depend on transfers and financing through debt. Answering this question allows us to draw conclusions about the capacity of municipalities to adapt their fiscal policy in response to unexpected fiscal shocks to municipal finances. The descriptive analysis of vertical fiscal imbalances in the municipalities of the Swiss canton of Zurich provides us with mainly two results. First, vertical fiscal imbalances have increased over time. Over the period of interest (1986 – 2012), the dependency of municipalities on transfers and debt financing has increased on average. Second, vertical fiscal imbalance varies depending on whether primary and/or secondary school is being provided by a municipality.

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  • Florian Chatagny & Marko Köthenbürger, 2014. "Fiskalische Lücken auf Gemeindeebene im Kanton Zürich," KOF Analysen, KOF Swiss Economic Institute, ETH Zurich, vol. 8(3), pages 109-116, October.
    • Handle: RePEc:kof:anskof:v:8:y:2014:i:3:p:109-116
    DOI: 10.3929/ethz-a-005427569
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    1. Jürgen Von Hagen & Massimo Bordignon & Bhajan S. Grewal & Per Peterson & Helmut Seitz & Matz Dahlberg, 2000. "Subnational Government Bailouts in OECD Countries: Four Case Studies," Research Department Publications 3100, Inter-American Development Bank, Research Department.
    2. Eyraud, Luc & Lusinyan, Lusine, 2013. "Vertical fiscal imbalances and fiscal performance in advanced economies," Journal of Monetary Economics, Elsevier, vol. 60(5), pages 571-587.
    3. Jonathan A. Rodden & Gunnar S. Eskeland (ed.), 2003. "Fiscal Decentralization and the Challenge of Hard Budget Constraints," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262182297, December.
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    More about this item

    Keywords

    Local public finance; vertical fiscal imbalances; transfer and debt dependency;
    All these keywords.

    JEL classification:

    • H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue
    • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures
    • H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism

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