G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w20751
来源IDWorking 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
URLhttps://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.
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