Gabriella Legrenzi () (Keele University, Centre for Economic Research and School of Economic and Management Studies) Costas Milas () (Keele University, Centre for Economic Research and School of Economic and Management Studies)
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We introduce possible asymmetries and non-linearities in the analysis of the taxing and spending decisions of local governments. Our empirical results evidence a down-ward inflexibility of both local government spending and taxation, pointing to a budget-maximizing local government. These asymmetries will need to be explicitly tackled in fiscal federalism reforms, in order for decentralization to positively contribute to the achievement of the European Monetary Union objectives.
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Paper provided by Centre for Economic Research, Keele University in its series Keele Economics Research Papers with number
KERP 2006/16.
Length: 26 pages Date of creation: Aug 2006 Date of revision: Handle: RePEc:kee:kerpuk:2006/16
Note: An earlier version of this paper has been presented at the North American Summer Meeting of the Econometric Society, and at the annual meeting of the European Public Choice Society. We would like to thank the participants for their useful feedback. The usual disclaimer applies. Contact details of provider: Postal: Department of Economics, University of Keele, Keele, Staffordshire, ST5 5BG - United Kingdom Phone: +44 (0)1782 584581 Fax: +44 (0)1782 717577 Email: Web page: http://www.keele.ac.uk/depts/ec/cer/ More information through EDIRC
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Find related papers by JEL classification: H10 - Public Economics - - Structure and Scope of Government - - - General H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions
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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Roemer, John & Silvestre, Joaquim & Liu, Holly & Williams, Jeffrey, 2000.
"The 'Flypaper Effect' Is Not an Anomaly,"
Working Papers
00-4, University of California at Davis, Department of Economics.
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