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

Material type: 文書・図像類

Author: Akai, Nobuoほか

Publisher: Osaka School of International Public Policy, Osaka University

Publication date: 2018-09-28

Material Format: Paper

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Note (General)：: Mergers of local governments, commonly referred to as municipalmergers, have been implemented widely to internalize spillover effects. Many empirical ...

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Paper

Material Type: 文書・図像類
Title: Strategic intertemporal budget allocation of local governments in the model with spillovers and mergers
Author/Editor: Akai, Nobuo
Goto, Tsuyoshi
Author Heading: Akai, Nobuo
https://nrid.nii.ac.jp/nrid/1000050275301
Goto, Tsuyoshi
https://nrid.nii.ac.jp/nrid/1000030880223
Publication, Distribution, etc.: Osaka School of International Public Policy, Osaka University
Publication Date: 2018-09-28
Publication Date (W3CDTF): 2018-09-28
Periodical title: OSIPP Discussion Paper
No. or year of volume/issue: DP-2018-E-011
Volume: DP-2018-E-011
Pages: 1-26
Text Language Code: eng
Subject Heading: Strategic intertemporal budget allocation
Merger
Spillover
Target Audience: 一般
Note (General): 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.
References (URI): http://www.osipp.osaka-u.ac.jp/archives/DP/2018/DP2018E011.pdf
URI
http://www.osipp.osaka-u.ac.jp/archives/DP/2018/DP2018E011.pdf
Data Provider (Database): 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
Original Data Provider (Database): 大阪大学 : 大阪大学学術情報庫　桜華