The Experts below are selected from a list of 3819 Experts worldwide ranked by ideXlab platform
Felix Creutzig - One of the best experts on this subject based on the ideXlab platform.
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Municipal policies accelerated urban sprawl and public Debts in spain
Land Use Policy, 2016Co-Authors: Blanca Fernandez Milan, Felix CreutzigAbstract:Urban form and resource consumption co-evolve dynamically with public finances. While in compact urban settlements public service is provided more efficiently, and in larger amounts per surface area, sprawled developments often translate into larger marginal infrastructure investments, and into higher rates of consumption of resources per capita: land, raw materials, and transport fuels. Yet the relationship between Municipal tax policies, rapid urban land consumption and Municipal Debts is poorly understood. In this paper we first scrutinize the relationship between urban sprawl and Municipal deficits in Spain, and contextualize this development in the European situation. We then investigate statistically how urban economic drivers and Municipal policies influence sprawling patterns, Municipal Debt and location values, demonstrating that local interventions jointly influence all three variables and that location value taxes can reduce both sprawl and Debts. The linkages between local decisions and global land markets deserve further scrutiny.
Peter Fortune - One of the best experts on this subject based on the ideXlab platform.
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Tax-exempt Bonds Really Do Subsidize Municipal Capital!
National Tax Journal, 1996Co-Authors: Peter FortuneAbstract:A New View of tax exemp-tion rejects the Traditional View that tax exemption gives a capital cost subsidy measured by the difference between taxable and tax-exempt interest rates. This paper develops a decisive voter model in which the New View is a special case. It considers the effects of several financial assumptions underlying the New View. It is shown that when leverage-related costs affect private as well as Municipal Debt, when voters are liquidity constrained, and when voters face limits on their private Debt capacity, the effect of tax exemption on the Municipal cost of capital is very close to the effect predicted by the naive Traditional View.
Allyson Lucinda Benton - One of the best experts on this subject based on the ideXlab platform.
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The Role of Metropolitan Cooperation and Administrative Capacity in Subnational Debt Dynamics: Evidence From Municipal Mexico
Public Budgeting & Finance, 2017Co-Authors: Heidi Jane M. Smith, Allyson Lucinda BentonAbstract:Research on subnational capital markets in developing nations has tended to focus on designing regulatory frameworks that compensate for structural economic, fiscal, and political factors. However, research on public investment in the United States shows that functional factors, like administrative capacity and metropolitan cooperation, are also important. Using a panel dataset of Mexican Municipal Debt (2005–2012), the study examines whether metropolitan cooperation and administrative capacity affect subnational Debt decisions in this developing nation. Cross‐sectional time‐series analysis of different types of Municipal Debt (public development bank loans, private commercial bank Debt, bond emissions, and trust instruments) reveals that Municipalities in metropolitan areas avoid costlier credits but that they do not cooperate to access cheaper loans. The research reveals that administrative capacity plays little to no role in Municipal Debt decisions.
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The Impact of Parties and Elections on Municipal Debt Policy in Mexico
Governance, 2016Co-Authors: Allyson Lucinda Benton, Heidi Jane M. SmithAbstract:Opportunistic electoral fiscal policy cycle theory suggests that all subnational officials will raise fiscal spending during elections. Ideological partisan fiscal policy cycle theory suggests that only left-leaning governments will raise election year fiscal spending, with right-leaning parties choosing the reverse. This study assesses which of these competing logics applies to Debt policy choices. Cross-sectional time-series analysis of yearly loan acquisition across Mexican Municipalities – on statistically matched Municipal subsamples to balance creditworthiness across left- and right-leaning governments – shows that all parties engage in electoral policy cycles but not in the way originally thought. It also shows that different parties favored different types of loans, although not always according to partisan predictions. Both electoral and partisan logics thus shape Debt policy decisions – in contrast to fiscal policy where these logics are mutually exclusive – because Debt policy involves decisions on multiple dimensions, about the total and type of loans.
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a rational partisan explanation for irrational sub sovereign Debt behavior evidence from Municipal mexico
2014Co-Authors: Allyson Lucinda Benton, Heidi Jane M. SmithAbstract:Partisan Ideology, Municipal Debt, Subnational Fiscal Spending, Mexico, Ideologia Partidista, Deuda Municipal, Gasto Fiscal Subnacional, Mexico
Heidi Jane M. Smith - One of the best experts on this subject based on the ideXlab platform.
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The Role of Metropolitan Cooperation and Administrative Capacity in Subnational Debt Dynamics: Evidence From Municipal Mexico
Public Budgeting & Finance, 2017Co-Authors: Heidi Jane M. Smith, Allyson Lucinda BentonAbstract:Research on subnational capital markets in developing nations has tended to focus on designing regulatory frameworks that compensate for structural economic, fiscal, and political factors. However, research on public investment in the United States shows that functional factors, like administrative capacity and metropolitan cooperation, are also important. Using a panel dataset of Mexican Municipal Debt (2005–2012), the study examines whether metropolitan cooperation and administrative capacity affect subnational Debt decisions in this developing nation. Cross‐sectional time‐series analysis of different types of Municipal Debt (public development bank loans, private commercial bank Debt, bond emissions, and trust instruments) reveals that Municipalities in metropolitan areas avoid costlier credits but that they do not cooperate to access cheaper loans. The research reveals that administrative capacity plays little to no role in Municipal Debt decisions.
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The Impact of Parties and Elections on Municipal Debt Policy in Mexico
Governance, 2016Co-Authors: Allyson Lucinda Benton, Heidi Jane M. SmithAbstract:Opportunistic electoral fiscal policy cycle theory suggests that all subnational officials will raise fiscal spending during elections. Ideological partisan fiscal policy cycle theory suggests that only left-leaning governments will raise election year fiscal spending, with right-leaning parties choosing the reverse. This study assesses which of these competing logics applies to Debt policy choices. Cross-sectional time-series analysis of yearly loan acquisition across Mexican Municipalities – on statistically matched Municipal subsamples to balance creditworthiness across left- and right-leaning governments – shows that all parties engage in electoral policy cycles but not in the way originally thought. It also shows that different parties favored different types of loans, although not always according to partisan predictions. Both electoral and partisan logics thus shape Debt policy decisions – in contrast to fiscal policy where these logics are mutually exclusive – because Debt policy involves decisions on multiple dimensions, about the total and type of loans.
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a rational partisan explanation for irrational sub sovereign Debt behavior evidence from Municipal mexico
2014Co-Authors: Allyson Lucinda Benton, Heidi Jane M. SmithAbstract:Partisan Ideology, Municipal Debt, Subnational Fiscal Spending, Mexico, Ideologia Partidista, Deuda Municipal, Gasto Fiscal Subnacional, Mexico
Blanca Fernandez Milan - One of the best experts on this subject based on the ideXlab platform.
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Municipal policies accelerated urban sprawl and public Debts in spain
Land Use Policy, 2016Co-Authors: Blanca Fernandez Milan, Felix CreutzigAbstract:Urban form and resource consumption co-evolve dynamically with public finances. While in compact urban settlements public service is provided more efficiently, and in larger amounts per surface area, sprawled developments often translate into larger marginal infrastructure investments, and into higher rates of consumption of resources per capita: land, raw materials, and transport fuels. Yet the relationship between Municipal tax policies, rapid urban land consumption and Municipal Debts is poorly understood. In this paper we first scrutinize the relationship between urban sprawl and Municipal deficits in Spain, and contextualize this development in the European situation. We then investigate statistically how urban economic drivers and Municipal policies influence sprawling patterns, Municipal Debt and location values, demonstrating that local interventions jointly influence all three variables and that location value taxes can reduce both sprawl and Debts. The linkages between local decisions and global land markets deserve further scrutiny.
