This paper exploits the multi-tiered structure of personal income taxation in Italy to investigate within-tier (horizontal) and between-tiers (vertical diagonal) fiscal externalities. Estimation an unrestricted tax reaction function on municipalities located at internal regional borders using o¤-border Wald-type grouping variables as well staggered schedule mayoral elections instruments for end...

this paper, i have focused on the tax side of the fiscal policy to  investigate the past and future behavior of fiscal sustainability in iran. to do so, i have employed two different forward-looking and backward-looking approaches. first, the backward-looking approach is the fiscal policy rule proposed by daving & leeper (2011). precisely, this rule determines that whether the fiscal policy is ...

I ncreased expenditures and the government size is an important issue in public sector economics. In this regard, various theories have been developed in order to justify the reasons for the public expenditure growth, and the theories have been empirically tested. One of the outlooks explaining the government expenditures growth and the economy size, is fiscal illusion approach. According ...

We analyse the fast reaction limit in reaction-diffusion system with nonmonotone function and one nondiffusing component. As speed of tends to infinity, concentration component exhibits oscillations. identify precisely its Young measure which, as a by-product, proves strong convergence diffusing component, result that is not obvious from priori estimates. Our work based on an analysis regulariz...

When estimating fiscal policy reaction functions (FRF), the literature has well recognized importance of non-linearities. However, there is yet very little attempt to formally test for presence and potential sources a non-linear responsiveness. In this paper we address gap by adressing model specification FRF in panel five EU countries. Employing Bayesian stochastic search algorithm, provide fo...

Background Fiscal Decentralization (FD) in many cases is encouraged as a strong means of improving the efficiency and equity in the provision of public goods, such as healthcare services. This issue has urged the researchers to experimentally examine the relationship between fiscal decentralization indicators and health outcomes. In this study we examine the effect of Fiscal Decentralization in...

in this paper we first describe the stochastic optimal control algorithm called ((optcon)). the algorithm minimizes an intertemporal objective loss function subject to a nonlinear dynamic system in order to achieve optimal value of control (or instrument) variables. second as an application, we implemented the algorithm by the statistical programming system ((gauss)) to determine the optimal fi...

based on the theoretical and empirical evidences, the most important goal the privatization is to increase the efficiency and improve the fiscal status of the government and the government enterprises. one of the key factors for implementation of the privatization policy in iran is to overcome the inefficiency and fiscal problems of the government sector. the paper studies the privatization per...