English, Article, Journal or magazine article edition: MODELLING TAX DECENTRALISATION AND REGIONAL GROWTH Ramiro Gil-Serrate; Julio López-Laborda

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Bookmark: http://trove.nla.gov.au/version/163226
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • MODELLING TAX DECENTRALISATION AND REGIONAL GROWTH
Author
  • Ramiro Gil-Serrate
  • Julio López-Laborda
Physical Description
  • preprint
Notes
  • The aim of this paper is to determine a theoretical linkage between tax decentralisation and regional growth. For this purpose a two fiscal tiers growth model is specified. First, working on Zou (1996) analytical framework, which account for the potential effects of intergovernmental policies on regional growth, a tax decentralisation process is brought in. Next its original model is expanded taking into account such process. It is shown that the effect of tax decentralisation on regional growth depends on the existing relationship between private and regional public capital productivities ratio and their stocks ratio square root. Finally a hypothesis for the Spanish economy is obtained. It will be checked empirically in subsequent work. Keywords: tax decentralisation; general equilibrium analysis; regional growth JEL classification: H70; O40; R13
  • RePEc:wiw:wiwrsa:ersa04p194
  • . The aim of this paper is to determine a theoretical linkage between tax decentralisation and regional growth. For this purpose Zou’s (1996) analytical framework, which account for the potential effects of intergovernmental policies on regional growth, is considered. In this context a tax decentralisation indicator with a flypaper effect is introduced and a Cobb-Douglas form for the production technology is specified. As a consequence an optimal level of tax decentralisation for regional growth is obtained, it depends on private and public capital productivities, the tax burden rate in the absence of decentralisation and the intensity of the flypaper effect. Finally a hypothesis for the Spanish economy is obtained. It will be checked empirically in subsequent work.
  • tax decentralisation, general equilibrium analysis, regional growth.
  • RePEc:hpe:wpaper:y:2005:i:14
Language
  • English
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