| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w20751 |
| 来源ID | Working Paper 20751 |
| Regional Transfers | |
| Raphael Corbi; Elias Papaioannou; Paolo Surico | |
| 发表日期 | 2014-12-15 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | We exploit a series of discontinuities, at several population thresholds, in the allocation mechanism of federal transfers to municipal governments in Brazil to identify the causal effect of municipal spending on local labor markets, using a ‘fuzzy’ regression discontinuity design. Our estimates imply a cost per job of about 8; 000 US dollars per year, mostly driven by employment in services, and a local income multiplier of around two. A currency union model with nominal rigidities and liquidity constraints implies that the stimulative effects would have been substantially smaller if local government spending was financed by local tax revenues rather than regional transfers. |
| 主题 | Macroeconomics ; Business Cycles ; Fiscal Policy |
| URL | https://www.nber.org/papers/w20751 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/578426 |
| 推荐引用方式 GB/T 7714 | Raphael Corbi,Elias Papaioannou,Paolo Surico. Regional Transfers. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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