dc.contributor.author
Fossen, Frank M.
dc.contributor.author
Freier, Ronny
dc.contributor.author
Martin, Thorsten
dc.date.accessioned
2018-06-08T08:16:27Z
dc.date.available
2014-01-27T09:18:07.994Z
dc.identifier.uri
https://refubium.fu-berlin.de/handle/fub188/19708
dc.identifier.uri
http://dx.doi.org/10.17169/FUDOCS_document_000000019495
dc.description.abstract
Through an intertemporal budget constraint, jurisdictions may gain advantages
in tax and spending competition by 'competing' on debt. While the existing
spatial econometric literature focuses on tax and spending competition, very
little is known about spatial interaction via public debt. This paper
estimates the spatial interdependence of public debt among German
municipalities using a panel on municipalities in the two largest German
states from 1999 to 2006. We find significant and robust interaction effects
between debt of neighboring municipalities, which we compare to spatial tax
and spending interactions. The results indicate that a municipality increases
its per capita debt by 16-33 Euro as a reaction to an increase of 100 Euro in
neighboring municipalities.
en
dc.relation.ispartofseries
urn:nbn:de:kobv:188-fudocsseries000000000318-5
dc.relation.ispartofseries
urn:nbn:de:kobv:188-fudocsseries000000000006-7
dc.rights.uri
http://www.fu-berlin.de/sites/refubium/rechtliches/Nutzungsbedingungen
dc.subject
tax and spending competition
dc.subject
municipality data
dc.subject
spatial interactions
dc.subject
spatial panel estimation
dc.subject.ddc
300 Sozialwissenschaften::330 Wirtschaft::336 Öffentliche Finanzen
dc.title
Race to the debt trap?
dc.title.subtitle
Spatial econometric evidence on debt in German municipalities
refubium.affiliation
Wirtschaftswissenschaft
de
refubium.affiliation.other
Volkswirtschaftslehre
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refubium.mycore.fudocsId
FUDOCS_document_000000019495
refubium.series.issueNumber
2014,1 : Economics
refubium.series.name
Diskussionsbeiträge des Fachbereichs Wirtschaftswissenschaft der Freien Universität Berlin
refubium.mycore.derivateId
FUDOCS_derivate_000000002961
dcterms.accessRights.openaire
open access