The effects of natural resource revenues on municipal finance

IF 4.5 3区 经济学 Q1 ECONOMICS
Patrick Leisibach, Simon Luechinger, Jonas Roellin, Christoph A Schaltegger
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引用次数: 0

Abstract

Abstract We investigate how revenues from taxing hydropower production affect local fiscal policy with data for municipalities in Switzerland in 1987–2015. Our instrumental variable approach uses exogenous variation in these revenues by combining the municipality-specific hydropower potential with the varying federally mandated ceiling on taxation of hydropower production. We find negative effects on tax rates and tax revenues, but insignificant spending effects. These results provide fresh evidence on how local authorities use exogenous revenues and on the flypaper effect for a setting with strong local fiscal autonomy and participatory institutions.
自然资源收入对市政财政的影响
摘要本文利用1987-2015年瑞士各市的数据,研究了水力发电税收收入对地方财政政策的影响。我们的工具变量方法通过将市政当局特定的水电潜力与不同的联邦规定的水电生产税收上限相结合,利用这些收入的外生变化。我们发现对税率和税收有负面影响,但对支出的影响不显著。这些结果为地方当局如何利用外生收入以及具有强大地方财政自主权和参与性机构的环境下的捕蝇纸效应提供了新的证据。
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来源期刊
Economic Policy
Economic Policy ECONOMICS-
CiteScore
4.80
自引率
0.00%
发文量
41
期刊介绍: Economic Policy provides timely and authoritative analyses of the choices confronting policymakers. The subject matter ranges from the study of how individual markets can and should work to the broadest interactions in the world economy. Economic Policy features: Analysis of key issues as they emerge Views of top international economists Frontier thinking without technical jargon Wide-reaching coverage of worldwide policy debate
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