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作者

来源

来源 JOURNAL OF URBAN ECONOMICS,Vol.68,P.259-269

语言

英文

关键字

E62;H7;Soft budget constraint;Fiscal federalism;Capital tax competition

作者单位

EconomiX and CESAER, INRA, Bld. du Dr. Petitjean, BP 87999, 21079 Dijon Cedex, France"}]},{"#name":"affiliation","$":{"id":"aff2;Bishop’s University, 2600 College Street, Sherbrooke, Quebec, Canada J1M 1Z7"}]},{"#name":"correspondence","$":{"id":"cor1;EconomiX and CESAER, INRA, Bld. du Dr. Petitjean, BP 87999, 21079 Dijon Cedex, France"}]},"aff2":{"#name":"affiliation","$":{"id":"aff2;Bishop’s University, 2600 College Street, Sherbrooke, Quebec, Canada J1M 1Z7"}]}},"correspondences":{"cor1":{"#name":"correspondence","$":{"id":"cor1

摘要

Our paper identifies a potential problem with decentralization at a time when its virtues are widely extolled. We show that responsibility for equalization at multi-levels within a decentralized federation creates an overlapping equalization policy that can worsen fiscal discipline. Contrary to Qian and Roland (1998), we also show in our set-up that fiscal competition among regional rescuers does not act as a commitment device to harden the local budget constraint.