Strategic intertemporal budget allocation of local governments in the model with spillovers and mergers

• 資料種別: 文書・図像類
• タイトル: Strategic intertemporal budget allocation of local governments in the model with spillovers and mergers
• 著者・編者: Akai, Nobuo; Goto, Tsuyoshi
• 著者標目: Akai, Nobuo; https://nrid.nii.ac.jp/nrid/1000050275301; Goto, Tsuyoshi; https://nrid.nii.ac.jp/nrid/1000030880223
• 出版事項: Osaka School of International Public Policy, Osaka University
• 出版年月日等: 2018-09-28
• 出版年（W3CDTF）: 2018-09-28
• タイトル（掲載誌）: OSIPP Discussion Paper
• 巻号年月日等（掲載誌）: DP-2018-E-011
• 掲載巻: DP-2018-E-011
• 掲載ページ: 1-26
• 本文の言語コード: eng
• 件名標目: Strategic intertemporal budget allocation; Merger; Spillover
• 対象利用者: 一般
• 一般注記: Mergers of local governments, commonly referred to as municipalmergers, have been implemented widely to internalize spillover effects. Many empirical studies point out that municipalities strategically increase their debt issuance before mergers, creating the `fiscal common pool problem', because of pooled budgets after mergers. However, this phenomenon has not yet been analyzed theoretically. Therefore, this paper examines the mechanism of increased debt issuance before municipal mergers. Our results show that three different effects influence intertemporal budget allocations of municipalities at the time of a merger and the existence of externalities may reduce the severity of the fiscal common pool problem.
• 参照（URI）: http://www.osipp.osaka-u.ac.jp/archives/DP/2018/DP2018E011.pdf; URI
• 連携機関・データベース: 国立情報学研究所 : 学術機関リポジトリデータベース（IRDB）（機関リポジトリ）; https://irdb.nii.ac.jp
• 提供元機関・データベース: 大阪大学 : 大阪大学学術情報庫 桜華