G2TT
来源类型Discussion paper
规范类型论文
来源IDDP10789
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
URLhttps://cepr.org/publications/dp10789
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
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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