Do local government fiscal spillovers exist? Evidence from counties, municipalities, and school districts

• 成果类型: Article
• 署名作者: Isen, Adam
• 署名单位: United States Department of the Treasury
• 刊物名称: JOURNAL OF PUBLIC ECONOMICS
• ISSN/ISSBN: 0047-2727
• DOI: 10.1016/j.jpubeco.2013.12.005
• 发表日期: 2014
• 页码: 57-73
• 关键词: Fiscal spillovers; Inter-jurisdictional competition; Taxes and spending

摘要

Numerous theories posit that the fiscal decisions of one jurisdiction influence the fiscal decisions of its neighbors. The main contribution of this paper is to address empirical difficulties in testing for spillovers using a regression discontinuity design on a newly collected dataset I utilize close elections from this large dataset of local referenda in Ohio to isolate the effect of exogenous increases in taxation and spending of one jurisdiction on neighbors' fiscal decisions. For all jurisdictional types and referenda revenue sources (bonds, income, property, and sales tax), there is no evidence of spillovers, and relatively small effects can be ruled out. Published by Elsevier B.V.