Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/26595
Authors: 
Legrenzi, Gabriella Deborah
Year of Publication: 
2009
Series/Report no.: 
CESifo working paper 2550
Abstract: 
We analyse the revenue-expenditure patterns of local governments, allowing for asymmetric and non-linear adjustments of local spending and taxation to disequilibrium errors. Our results provide evidence of a downward inflexibility of both local government spending and local taxation, pointing to a budget-maximising local government.
Subjects: 
Fiscal federalism
fly-paper effect
non-linear time-series
asymmetric adjustment
JEL: 
H10
H71
C22
Document Type: 
Working Paper

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