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
Revenue projections
forecast accuracy
local taxation
Flemish municipalities
government fragmentation

Ereignis
Geistige Schöpfung
(wer)
Goeminne, Stijn
Geys, Benny
Smolders, Carine
Ereignis
Veröffentlichung
(wer)
Wissenschaftszentrum Berlin für Sozialforschung (WZB)
(wo)
Berlin
(wann)
2007

Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Goeminne, Stijn
  • Geys, Benny
  • Smolders, Carine
  • Wissenschaftszentrum Berlin für Sozialforschung (WZB)

Entstanden

  • 2007

Ähnliche Objekte (12)