| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP10789
|
| DP10789 Is Centralization a Solution to the Soft Budget Constraint Problem? |
| Esteban Klor
|
| 发表日期 | 2015-08-23
|
| 出版年 | 2015
|
| 语种 | 英语
|
| 摘要 | This paper focuses on the centralization program implemented in Israel in 2004 to analyze whether the administrative subordination of municipalities is an effective policy to deal with problems related to soft-budget constraint of lower level governments. The results consistently show, for different specifications and samples of municipalities, that this program brought a substantial decrease of municipalities? expenditures (mostly because of decreases on salary payments), and an increase of local property tax collection. Our analysis shows that all of the fiscal impact of the program is due to the appointment of an accountant that reports directly to the central government, a relatively mild form of administrative subordination. In contrast, more intrusive forms of subordination, like the central imposition of a recovery program, do not result in any substantial improvement of municipalities? fiscal situation. This leads us to conclude that a mild form of administrative subordination is an effective tool to cope with problems related to soft-budget constraints, whereas political subordination is not an effective tool to reach that goal. |
| 主题 | Public Economics
|
| 关键词 | Bailout program
Centralization
Hierarchical subordination
Local government
Soft budget constraints
|
| URL | https://cepr.org/publications/dp10789
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/539620
|
推荐引用方式
GB/T 7714 |
Esteban Klor. DP10789 Is Centralization a Solution to the Soft Budget Constraint Problem?. 2015.
|
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