Political Costs and Fiscal Benefits: The Political Economy of Residential Property Value Assessment

Political Economy of Fiscal Institutions

We discuss two essential problems of the political economy of public finances: The principal agent problem between voters and elected politicians and the common pool problem arising from the fact that money drawn from a general tax fund is used to pay for policies targeting more or less narrow groups in society. Three institutional mechanisms exist to deal with these problems, ex-ante rules con...

political economy of china in central asia

this research is about the political economy of china in central asia. in this research the political & economic interactions affected on chinas political economy in central asia are examined. chinas goal of presence in central asia including political-security, economic and energy goals is described in one part. in another part, the trade relations between china and central asian countries ar...

The political economy of fiscal policy: Survey

Fiscal Decentralization: A Political Economy Perspective

This paper surveys recent contributions to the study of fiscal decentralization which adopt a political economy approach. It is argued that this approach can capture, in a variety of formal models, the plausible and influential ideas (increasingly, supported by empirical evidence) that fiscal decentralization can lead to improved preference-matching and accountability of government. In particul...

Property, State, and Entangled Political Economy

Most theories of political economy operate in terms of what might be called separated political economy, as illustrated by the formulation: political economy = polity + economy. Within this formulation it is reasonable to speak of the state intervening into the market economy. In contrast to separated political economy, this paper explores some aspects of what might be called an entangled polit...