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. Though this difference between actual and projected revenues is not always negligible, little is yet known about what may explain such 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
- forecast accuracy, tax projections, government fragmentation., Flemish municipalities
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Citation
Please use this url to cite or link to this publication: http://hdl.handle.net/1854/LU-888933
- MLA
- Goeminne, Stijn, et al. “Political Fragmentation and Projected Tax Revenues: Evidence from Flemish Municipalities.” Annual Meeting of the European Public Choice Society, Papers, 2006.
- APA
- Goeminne, S., Geys, B., & Smolders, C. (2006). Political fragmentation and projected tax revenues: evidence from Flemish municipalities. Annual Meeting of the European Public Choice Society, Papers. Presented at the 2006 Annual meeting of the European Public Choice Society (EPCS 2006), Turku, Finland.
- Chicago author-date
- Goeminne, Stijn, Benny Geys, and Carine Smolders. 2006. “Political Fragmentation and Projected Tax Revenues: Evidence from Flemish Municipalities.” In Annual Meeting of the European Public Choice Society, Papers.
- Chicago author-date (all authors)
- Goeminne, Stijn, Benny Geys, and Carine Smolders. 2006. “Political Fragmentation and Projected Tax Revenues: Evidence from Flemish Municipalities.” In Annual Meeting of the European Public Choice Society, Papers.
- Vancouver
- 1.Goeminne S, Geys B, Smolders C. Political fragmentation and projected tax revenues: evidence from Flemish municipalities. In: Annual meeting of the European Public Choice Society, Papers. 2006.
- IEEE
- [1]S. Goeminne, B. Geys, and C. Smolders, “Political fragmentation and projected tax revenues: evidence from Flemish municipalities,” in Annual meeting of the European Public Choice Society, Papers, Turku, Finland, 2006.
@inproceedings{888933,
abstract = {{The level of revenues pocketed by a government during the fiscal year often deviates from that projected by this government in its budget. Though this difference between actual and projected revenues is not always negligible, little is yet known about what may explain such 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}},
booktitle = {{Annual meeting of the European Public Choice Society, Papers}},
keywords = {{forecast accuracy,tax projections,government fragmentation.,Flemish municipalities}},
language = {{eng}},
location = {{Turku, Finland}},
pages = {{19}},
title = {{Political fragmentation and projected tax revenues: evidence from Flemish municipalities}},
year = {{2006}},
}