haku: @indexterm rent-seeking / yhteensä: 8
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| Tekijä: | Sato, M. |
| Otsikko: | Tax competition, rent-seeking and fiscal decentralization |
| Lehti: | European Economic Review
2003 : FEB, VOL. 47:1, p. 19-40 |
| Asiasana: | Capital Taxation Competition Rent-seeking Decentralisation |
| Kieli: | eng |
| Tiivistelmä: | This paper provides a basis for evaluating fiscal decentralization of expenditure and tax responsibilities, by encompassing the literature on tax competition and rent seeking. Both tax and rent seeking competitions are conceived of as being wasteful and self-defeating. It is found that rent-seeking activities account for political distortions which may be mitigated in the process of fiscal decentralization, while tax competition results in economic distortions associated with decentralization. Welfare evaluation should be based on the balance of the political gain and the economic cost. |
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