English, Article, Journal or magazine article edition: LOCAL GOVERNMENTS' ASYMMETRIC REACTIONS TO GRANTS: LOOKING FOR THE REASONS (*) Santiago Lago-Peñas (a)

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/163430
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • LOCAL GOVERNMENTS' ASYMMETRIC REACTIONS TO GRANTS: LOOKING FOR THE REASONS (*)
Author
  • Santiago Lago-Peñas (a)
Physical Description
  • preprint
Notes
  • . The aim of this paper is twofold. Firstly, a data set corresponding to Galician municipalities is used to test asymmetries in the effects of cuts and increases in grants on total spending. Then political factors (electoral cycle, colour and political strength of local governments) and financial factors (relative levels of taxes and debt) are examined as possible explanations of them. Results strongly support the hypothesis of asymmetry. Recipients compensate part of the loss in grants by increasing other sources of revenues. Moreover, asymmetric responses to cuts in capital grants (earmarked) and current grants (unconditional) are not significantly different. This fiscal replacement form of asymmetry is explained by two factors: incumbent’s ideology and financial capacity of getting into debt. Leftist incumbents and municipalities with a lower stock of debt are more prone to asymmetric choices. Once both factors are controlled, asymmetry disappears.
  • Local governments, Grants, Fiscal federalism, Spain.
  • RePEc:hpe:wpaper:y:2004:i:22
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment