Vertical fiscal imbalance and government spending on science and technology in China

2021 ◽  
Author(s):  
Liangliang Liu ◽  
Wenqing Zhang
Keyword(s):  
Government Spending ◽  
Science And Technology ◽  
Fiscal Imbalance ◽  
Vertical Fiscal Imbalance

A Century of Vertical Fiscal Imbalance in Australian Federalism

2002 ◽  
Vol 36 (1) ◽  
pp. 26-43 ◽  
Author(s):  
Therese Burton ◽  
Brian Dollery ◽  
Joe Wallis
Keyword(s):  
Fiscal Imbalance ◽  
Vertical Fiscal Imbalance

Vertical Fiscal Imbalance and the Reallocation of Tax Fields in Canada

1993 ◽  
Vol 19 (2) ◽  
pp. 194 ◽  
Author(s):  
G. C. Ruggeri ◽  
D. Van Wart ◽  
G. K. Robertson ◽  
R. Howard
Keyword(s):  
Fiscal Imbalance ◽  
Vertical Fiscal Imbalance

scholarly journals Vertical Fiscal Imbalance and Regional Economic Growth

2020 ◽  
Vol 12 (6) ◽  
pp. 39-53
Author(s):  
B.I. Alekhin ◽  
Keyword(s):  
Economic Growth ◽  
Panel Data ◽  
Fiscal Federalism ◽  
Fiscal Decentralization ◽  
Regional Economic Growth ◽  
Regional Economic ◽  
Fiscal Imbalance ◽  
Vertical Fiscal Imbalance ◽  
The Impact

This study examines the impact of fiscal decentralization on regional economic growth using panel data for 82 subjects of the Russian Federation for the period 2005-2018. General theoretical framework was drawn from the second-generation theory of fiscal federalism, and panel data econometrics suggested the appropriate empirical model and estimation method. The pooled mean group method was used to estimate an autoregressive distributed lags model based on Solow-Swan theory of economic growth. The results indicate that vertical fiscal gap has a negative and significant long-term impact on regional economic growth while vertical fiscal imbalance has a positive and significant long-term effect. The study is consistent with the modern theory of fiscal federalism, W.E. Oates’ matching hypothesis and previous empirical work using Russian data. The study also found evidence of conditional convergence of regional economies.

scholarly journals Citizens' support for government spending on science and technology

2013 ◽  
Vol 41 (5) ◽  
pp. 611-624 ◽  
Author(s):  
L. Sanz-Menendez ◽  
G. G. Van Ryzin ◽  
E. del Pino
Keyword(s):  
Government Spending ◽  
Science And Technology

scholarly journals REGIONAL DISPARITIES, PUBLIC POLICIES AND ECONOMIC GROWTH IN BRAZIL

2019 ◽  
Vol 5 (2) ◽  
pp. 264
Author(s):  
Marcelo Ladvocat ◽  
Vander Lucas
Keyword(s):  
Economic Growth ◽  
Fiscal Federalism ◽  
Local Economic Development ◽  
Fiscal Decentralization ◽  
Federal District ◽  
Regional Disparities ◽  
Geographic Concentration ◽  
Goods And Services ◽  
Fiscal Imbalance ◽  
Vertical Fiscal Imbalance

Fiscal Federalism, the division of economic responsibilities between the central and local government, has been an ongoing debate. The few existing studies on Brazilian’s fiscal structure facing regional economic growth shows conflicting results. However fiscal decentralization can lead to a more efficient provision of local public goods and services to promote welfare state, citizen’s preferences and economic growth, Brazil's policymakers seem to have a different view. In a country where only three states in 26 hold 53% of Brazil’s PNB, disparities shows-up claiming to be solved. There are still some questions as to whether all regions can achieve real gains with greater autonomy. Decentralization may not solve all subnational entities problems, especially the issue of the poorer regions losing competitiveness about the richer regions, which increases regional disparities. In this way, more recent studies have focused on the different channels through which fiscal decentralization can affect the issue of disparities such as taxes and duties, the autonomy of spending and vertical fiscal imbalance. The present work investigates the relationship between fiscal decentralization, regional disparities and economic growth within 26 Brazilian’s states and Federal District, in the period 2001-2012. Attention was given to channels through which decentralization can affect inequality: human capital, vertical fiscal imbalance, population’s geographic concentration, and local taxes. The empirical analysis suggests that a decentralized fiscal structure can reduce regional disparities by implementing better government policies that favor local economic development.

Can Tax Cuts Increase the Size of Government?

2005 ◽  
Vol 18 (1) ◽  
pp. 135-152 ◽  
Author(s):  
Daniel N. Shaviro
Keyword(s):  
Social Security ◽  
Government Spending ◽  
Size Of Government ◽  
Fiscal Imbalance ◽  
The Government ◽  
Spending Cuts ◽  
Actual Size ◽  
Medicare Spending ◽  
Tax Cuts

Recent U.S. tax cuts, to the extent that they involved a principled, long-term policy view, seem to have been aimed at shrinking the size of government. The idea apparently was to force eventual spending discipline, even (or perhaps especially) with respect to Social Security and Medicare, by turning reduced tax revenues into a political fact on the ground that would be difficult to reverse. In fact, however, the idea that the tax cuts would make the government smaller seems to have rested on spending illusion, or confusion between the actual size of government, in terms of its allocative and distributional effects, and the observed dollar flows that are denominated ‘taxes’ and ‘spending’.Given the long-term budget constraint, which holds that government inflows and outlays must ultimately be equal in present value, and the huge preexisting fiscal imbalance, the tax cuts are likely to be paid for, in the main, through some combination of future tax increases and cuts to Social Security and Medicare. (Other government spending cuts, relative to the case where the tax cuts were not enacted, are likely as well, but cannot contribute nearly enough.) To the extent that the 2001 through 2003 tax cuts lead to future tax increases, the combined effect is likely to make the government bigger both allocatively and distributionally. To the extent that Social Security and Medicare spending bear the brunt, the government still gets larger in the sense of increasing redistribution from younger to older generations, although Medicare cuts might decrease the size of government allocatively.

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