Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/55405 
Erscheinungsjahr: 
2009
Schriftenreihe/Nr.: 
Ordnungspolitische Diskurse No. 2009-13
Verlag: 
OrdnungsPolitisches Portal (OPO), s.l.
Zusammenfassung: 
We connect the theories of strategic debt and tax competition in a model and explore whether capital mobility coupled with a strategic debt effectively tames Leviathan. Our proposition is that in the case of a small open economy international tax competi-tion for mobile capital opens the way to a previously unexplored sort of strategic deficit. The incumbent conservative government builds a reelection strategy on the downwards pressure on mobile factor tax rates caused by tax competition the liberal successor will be exposed to. As a result it can raise its chances to be reelected by tying the successor's hands on expenditure issues.
Schlagwörter: 
Structure and Scope of Government
State and Local Budget and Expenditures
Interjurisdictional Differentials and Their Effects
Dokumentart: 
Working Paper

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