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Your search keyword '"Political budget cycle"' showing total 3 results
Start Over Descriptor "Political budget cycle" Journal international tax and public finance
3 results on '"Political budget cycle"'

2. Switch toward tax centralization in Italy: a wake-up for the local political budget cycle

Author

Massimiliano Ferraresi, Umberto Galmarini, Alberto Zanardi, Leonzio Rizzo, Ferraresi M., Galmarini U., Rizzo L., and Zanardi A.

Subjects
Economics and Econometrics, Economic policy, media_common.quotation_subject, Local elections, Local property tax, Local election, Vertical transfer, Politics, Economica, Accounting, Tax autonomy, 0502 economics and business, Economics, Revenue, 050207 economics, 050205 econometrics, media_common, Government, 05 social sciences, Incentive, Fiscal centralization, Political budget cycle, Residence, Finance, Autonomy, Political Budget Cycle, Local elections, Local property tax, Tax Autonomy, Fiscal Centralization, Public finance
Abstract

Are the incentives to expand expenditure before local elections affected by the composition of local governments’ revenues? We explore this issue by exploiting the Italian government bill that in 2008 replaced the municipal tax on main residence with a vertical transfer. Relying on staggered dates of municipal elections to identify the effect of the reform, we find evidence of a political budget cycle, but only for municipalities that in 2008 were in their pre-electoral year. The result suggests that a lower degree of municipal tax autonomy strengthens the incentives to expand the size of the budget before the elections.

Published
2019
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