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| Content Provider | Springer Nature Link |
|---|---|
| Author | Feld, Lars P. Kirchgässner, Gebhard Schaltegger, Christoph A. |
| Copyright Year | 2011 |
| Abstract | Switzerland has experienced extensive institutional reforms at the local level that could influence local debt. These reforms have included municipal mergers, greater inter-communal cooperation, reformed political decision-making mechanisms, and the introduction of new public management measures. Many of these reforms originated at the cantonal level. However, the institutional diversity among Swiss municipalities hardly has diminished. A cross-sectional analysis for the 137 largest Swiss cities and villages in 2004 shows that direct democratic rights and a high degree of fiscal autonomy lead to a lower level of local debt. There is no statistical support for the hypothesis that reforms following the new public management guidelines had an effect on debt levels. |
| Starting Page | 49 |
| Ending Page | 64 |
| Page Count | 16 |
| File Format | |
| ISSN | 00485829 |
| Journal | Public Choice |
| Volume Number | 149 |
| Issue Number | 1-2 |
| e-ISSN | 15737101 |
| Language | English |
| Publisher | Springer US |
| Publisher Date | 2011-08-30 |
| Publisher Place | Boston |
| Access Restriction | One Nation One Subscription (ONOS) |
| Subject Keyword | Local public debt Direct democracy New public management Political Science Public Finance & Economics |
| Content Type | Text |
| Resource Type | Article |
| Subject | Sociology and Political Science Economics and Econometrics |
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