Arbeitspapier
Political fragmentation and projected tax revenues: evidence from Flemish municipalities
The level of revenues pocketed by a government during the fiscal year often deviates from that projected by this government in its budget. Despite a flourishing literature on, for example, the technical or procedural determinants of such forecast errors, little is yet known about how political stratagems may affect forecast errors. In the present paper, we analyse whether differences in the level of government fragmentation are useful in explaining local government tax revenue forecast errors – controlling for various other factors. Using data on 242 Flemish municipalities for the period 1992-2002, we find that two-party governments are more optimistic than single-party governments. In contrast to our initial expectations, governments with at least three parties are significantly more careful (or less optimistic) in their revenue projections than single- or twoparty governments.
- Weitere Titel
-
Politische Zersplitterung und erwartete Steuereinnahmen: Empirische Belege aus flämischen Gemeinden
- Sprache
-
Englisch
- Erschienen in
-
Series: WZB Discussion Paper ; No. SP II 2007-03
- Klassifikation
-
Wirtschaft
Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
State and Local Budget and Expenditures
State and Local Government; Intergovernmental Relations: Other
- Thema
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Revenue projections
forecast accuracy
local taxation
Flemish municipalities
government fragmentation
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Goeminne, Stijn
Geys, Benny
Smolders, Carine
- Ereignis
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Veröffentlichung
- (wer)
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Wissenschaftszentrum Berlin für Sozialforschung (WZB)
- (wo)
-
Berlin
- (wann)
-
2007
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Goeminne, Stijn
- Geys, Benny
- Smolders, Carine
- Wissenschaftszentrum Berlin für Sozialforschung (WZB)
Entstanden
- 2007