Political fragmentation and projected tax revenues: evidence from Flemish municipalities
- Author
- Stijn Goeminne (UGent) , Benny Geys and Carine Smolders (UGent)
- Organization
- Abstract
- 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 two-party governments.
- Keywords
- local taxation, flemish municipalities, revenue projections, government fragmentation, forecast accuracy
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Citation
Please use this url to cite or link to this publication: http://hdl.handle.net/1854/LU-672458
- MLA
- Goeminne, Stijn, et al. “Political Fragmentation and Projected Tax Revenues: Evidence from Flemish Municipalities.” INTERNATIONAL TAX AND PUBLIC FINANCE, edited by John D. Wilson and Michael Devereux, vol. 15, no. 3, Springer, 2008, pp. 297–315, doi:10.1007/s10797-007-9021-4.
- APA
- Goeminne, S., Geys, B., & Smolders, C. (2008). Political fragmentation and projected tax revenues: evidence from Flemish municipalities. INTERNATIONAL TAX AND PUBLIC FINANCE, 15(3), 297–315. https://doi.org/10.1007/s10797-007-9021-4
- Chicago author-date
- Goeminne, Stijn, Benny Geys, and Carine Smolders. 2008. “Political Fragmentation and Projected Tax Revenues: Evidence from Flemish Municipalities.” Edited by John D. Wilson and Michael Devereux. INTERNATIONAL TAX AND PUBLIC FINANCE 15 (3): 297–315. https://doi.org/10.1007/s10797-007-9021-4.
- Chicago author-date (all authors)
- Goeminne, Stijn, Benny Geys, and Carine Smolders. 2008. “Political Fragmentation and Projected Tax Revenues: Evidence from Flemish Municipalities.” Ed by. John D. Wilson and Michael Devereux. INTERNATIONAL TAX AND PUBLIC FINANCE 15 (3): 297–315. doi:10.1007/s10797-007-9021-4.
- Vancouver
- 1.Goeminne S, Geys B, Smolders C. Political fragmentation and projected tax revenues: evidence from Flemish municipalities. Wilson JD, Devereux M, editors. INTERNATIONAL TAX AND PUBLIC FINANCE. 2008;15(3):297–315.
- IEEE
- [1]S. Goeminne, B. Geys, and C. Smolders, “Political fragmentation and projected tax revenues: evidence from Flemish municipalities,” INTERNATIONAL TAX AND PUBLIC FINANCE, vol. 15, no. 3, pp. 297–315, 2008.
@article{672458,
abstract = {{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 two-party governments.}},
author = {{Goeminne, Stijn and Geys, Benny and Smolders, Carine}},
editor = {{Wilson, John D. and Devereux, Michael}},
issn = {{0927-5940}},
journal = {{INTERNATIONAL TAX AND PUBLIC FINANCE}},
keywords = {{local taxation,flemish municipalities,revenue projections,government fragmentation,forecast accuracy}},
language = {{eng}},
number = {{3}},
pages = {{297--315}},
publisher = {{Springer}},
title = {{Political fragmentation and projected tax revenues: evidence from Flemish municipalities}},
url = {{http://doi.org/10.1007/s10797-007-9021-4}},
volume = {{15}},
year = {{2008}},
}
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