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Fiscal centralization vs. decentralization on economic growth and welfare: An optimal-control approach
1. | School of Statistics and Mathematics, Zhongnan University of Economics and Law, Wuhan 430073, China, China, China |
2. | School of Finance, Zhongnan University of Economics and Law, Wuhan 430073, China |
References:
[1] |
R. Barro, Government spending in a simple model of endogenous growth, Journal of Political Economics, 98 (1990), 103-125. |
[2] |
T. Besley and S. Coate, Centralization versus decentralization provision of local public goods: a political economy approach, Journal of Public Economics, 87 (2003), 2611-2637. |
[3] |
T. Besley and M. Smart, Does tax competition raise voter welfare? CEPR Discussion Paper: No. 3131 (2002). |
[4] |
G. Brennan and J. M. Buchanan, The Power to Tax: Analytical Foundations of a Fiscal Constitution, Cambridge University Press, New York, 1980. |
[5] |
J. K. Brueckner, Fiscal federalism and economic growth, Journal of Public Economics, 90 (2006), 2107-2120.
doi: 10.1016/j.jpubeco.2006.05.003. |
[6] |
S. Bucovetsky, Asymmetric tax competition, Journal of Urban Economics, 30 (1991), 167-181.
doi: 10.1016/0094-1190(91)90034-5. |
[7] |
H. B. Cai and D. Treisman, Does competion for capital discipline governments? Decentralization, globalization and public policy? American Economic Review, 95 (2005), 817-830. |
[8] |
S. M. Calabrese, D. N. Epple and R. E. Romano, Inefficiencies from metropolitan political and fiscal decentralization: failure of tiebout competition, Review of Economic Studies, 79 (2012), 1081-1111.
doi: 10.1093/restud/rdr048. |
[9] |
F. Cerniglia and R. Longaretti, Federalism, education-related public good and growth when agents are heterogeneous, Journal of Economics, 109 (2013), 271-301.
doi: 10.1007/s00712-012-0298-0. |
[10] |
A. C. Chu and C. C. Yang, Fiscal centralization versus decentralization: growth and welfare effects of spillovers, Leviathan taxation, and capital mobility, Journal of Urban Economics, 71 (2012), 177-188.
doi: 10.1016/j.jue.2011.10.003. |
[11] |
J. Edwards and M. Keen, Tax competition and Leviathan, European Economic Review, 40 (1996), 113-134.
doi: 10.1016/0014-2921(95)00057-7. |
[12] |
X. X. Huang, X. Q. Yang amd K. Teo, A smoothing scheme for optimization problems with max-min constraints, Journal of Industrial and Management Optimization, 3 (2007), 209-222.
doi: 10.3934/jimo.2007.3.209. |
[13] |
J. Liu, K. C. Yiu and K. Teo, Optimal investment-consumption problem with constraint, Journal of Industrial and Management Optimization, 9 (2013), 743-768.
doi: 10.3934/jimo.2013.9.743. |
[14] |
B. Lockwood, Fiscal decentralization: a political economy perspective, in E. Ahmad, G. Brosio, Handbook of Fiscal Federalism Edward Elgar, 2006. |
[15] |
W. E. Oates, Fiscal Federalism, Harcourt Brace Jovanovich, New York, 1972. |
[16] |
M. Rauscher, Leviathan and competition among districts: the case of benefit taxation, Journal of urban economics, 44 (2000), 59-67. |
[17] |
M. Rauscher, Interdistrictal competition and public-sector prodigality: the triumph of the market over the state? FinanzArchiv, 57 (2000), 89-105. |
[18] |
M. Rauscher, Economic growth and tax-competition Leviathans, International Tax and Public Finance, 12 (2005), 457-474. |
[19] |
C. M. Tiebout, A pure theory of local expenditures, Journal of Political Economy, 64 (1956), 416-424.
doi: 10.1086/257839. |
[20] |
S. Voigt and L. Blume, The economic effects of federalism and decentralization: a cross-country assessment, Public choice, 151 (2012), 229-254.
doi: 10.1007/s11127-010-9745-z. |
show all references
References:
[1] |
R. Barro, Government spending in a simple model of endogenous growth, Journal of Political Economics, 98 (1990), 103-125. |
[2] |
T. Besley and S. Coate, Centralization versus decentralization provision of local public goods: a political economy approach, Journal of Public Economics, 87 (2003), 2611-2637. |
[3] |
T. Besley and M. Smart, Does tax competition raise voter welfare? CEPR Discussion Paper: No. 3131 (2002). |
[4] |
G. Brennan and J. M. Buchanan, The Power to Tax: Analytical Foundations of a Fiscal Constitution, Cambridge University Press, New York, 1980. |
[5] |
J. K. Brueckner, Fiscal federalism and economic growth, Journal of Public Economics, 90 (2006), 2107-2120.
doi: 10.1016/j.jpubeco.2006.05.003. |
[6] |
S. Bucovetsky, Asymmetric tax competition, Journal of Urban Economics, 30 (1991), 167-181.
doi: 10.1016/0094-1190(91)90034-5. |
[7] |
H. B. Cai and D. Treisman, Does competion for capital discipline governments? Decentralization, globalization and public policy? American Economic Review, 95 (2005), 817-830. |
[8] |
S. M. Calabrese, D. N. Epple and R. E. Romano, Inefficiencies from metropolitan political and fiscal decentralization: failure of tiebout competition, Review of Economic Studies, 79 (2012), 1081-1111.
doi: 10.1093/restud/rdr048. |
[9] |
F. Cerniglia and R. Longaretti, Federalism, education-related public good and growth when agents are heterogeneous, Journal of Economics, 109 (2013), 271-301.
doi: 10.1007/s00712-012-0298-0. |
[10] |
A. C. Chu and C. C. Yang, Fiscal centralization versus decentralization: growth and welfare effects of spillovers, Leviathan taxation, and capital mobility, Journal of Urban Economics, 71 (2012), 177-188.
doi: 10.1016/j.jue.2011.10.003. |
[11] |
J. Edwards and M. Keen, Tax competition and Leviathan, European Economic Review, 40 (1996), 113-134.
doi: 10.1016/0014-2921(95)00057-7. |
[12] |
X. X. Huang, X. Q. Yang amd K. Teo, A smoothing scheme for optimization problems with max-min constraints, Journal of Industrial and Management Optimization, 3 (2007), 209-222.
doi: 10.3934/jimo.2007.3.209. |
[13] |
J. Liu, K. C. Yiu and K. Teo, Optimal investment-consumption problem with constraint, Journal of Industrial and Management Optimization, 9 (2013), 743-768.
doi: 10.3934/jimo.2013.9.743. |
[14] |
B. Lockwood, Fiscal decentralization: a political economy perspective, in E. Ahmad, G. Brosio, Handbook of Fiscal Federalism Edward Elgar, 2006. |
[15] |
W. E. Oates, Fiscal Federalism, Harcourt Brace Jovanovich, New York, 1972. |
[16] |
M. Rauscher, Leviathan and competition among districts: the case of benefit taxation, Journal of urban economics, 44 (2000), 59-67. |
[17] |
M. Rauscher, Interdistrictal competition and public-sector prodigality: the triumph of the market over the state? FinanzArchiv, 57 (2000), 89-105. |
[18] |
M. Rauscher, Economic growth and tax-competition Leviathans, International Tax and Public Finance, 12 (2005), 457-474. |
[19] |
C. M. Tiebout, A pure theory of local expenditures, Journal of Political Economy, 64 (1956), 416-424.
doi: 10.1086/257839. |
[20] |
S. Voigt and L. Blume, The economic effects of federalism and decentralization: a cross-country assessment, Public choice, 151 (2012), 229-254.
doi: 10.1007/s11127-010-9745-z. |
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