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Calin Arcalean Gerhard Glomm Ioana Schiopu Jens Suedekum 《The Canadian journal of economics》2010,43(3):832-859
Abstract We study the optimal degree of fiscal decentralization in a dynamic federal economy where governments decide on budget size and its allocation between public education and infrastructure spending. We find that full centralization of tax and expenditure policies is optimal when infrastructure productivity is similar across regions. When differences are not too large, partial centralization is optimal. With strong differences, full decentralization becomes optimal. National steady‐state output tends to be highest under full decentralization. We provide a justification for the mixed evidence regarding the Oates conjecture by showing that full dominates partial decentralization, despite being inferior to complete decentralization. 相似文献
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Calin Valsan 《Post - Communist Economies》2013,25(1):121-128
This article analyses the restructuring of newly privatised Romanian firms by focusing on three microeconomic variables. Changes in the number of personnel, the volume of fixed assets and the level of research and development are analysed in connection with measures of ownership structure and concentration. Overall, the evidence presented suggests that institutional (possibly foreign) outside stakeholders are more likely to foster restructuring and increase the likelihood of survival of newly privatised firms in Eastern Europe. 相似文献
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Journal of International Entrepreneurship - The heterogeneity of research topics in international entrepreneurship (IE) makes the identification of a convergent research agenda difficult.... 相似文献
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