The Library
In the grip of Whitehall? The effects of party control on local fiscal policy in the UK
Tools
Tools
Tools
Lockwood, Benjamin, Porcelli, Francesco and Rockey, James (2022) In the grip of Whitehall? The effects of party control on local fiscal policy in the UK. Working Paper. Coventry, UK: University of Warwick. Department of Economics. Warwick economics research papers series (WERPS) (1406). (Unpublished)
|
PDF
WRAP-In-the-grip-of-Whitehall-The-effects-of-party-control-on-local-fiscal-policy-in-the-UK-Lockwood-22.pdf - Other - Requires a PDF viewer. Download (2080Kb) | Preview |
Official URL: https://warwick.ac.uk/fac/soc/economics/research/w...
Abstract
This paper uses an instrumental variable approach based on close elections to evaluate the effect of political parties on local fiscal policy in England and Wales over the period 1998-2016. Our main finding is that political control of the council (by Labour, Conservative or Liberal Democrat parties) has no effect on total expenditure, the composition of expenditure, the property tax rate (council tax per band D property) or total council tax revenue. Thus, our results confirm the widely expressed belief that centrally imposed constraints on local government fiscal policy (rate-capping, and more recently, compulsory referenda) hold local government fiscal policy in a tight grip
| Item Type: | Working or Discussion Paper (Working Paper) | ||||||
|---|---|---|---|---|---|---|---|
| Subjects: | H Social Sciences > HG Finance H Social Sciences > HJ Public Finance |
||||||
| Divisions: | Faculty of Social Sciences > Economics | ||||||
| Library of Congress Subject Headings (LCSH): | Fiscal policy -- Great Britain, Local government -- Finance, Expenditures, Public , Government spending policy -- Great Britain, Great Britain -- Appropriations and expenditures | ||||||
| Series Name: | Warwick economics research papers series (WERPS) | ||||||
| Publisher: | University of Warwick. Department of Economics | ||||||
| Place of Publication: | Coventry, UK | ||||||
| ISSN: | 0083-7350 | ||||||
| Official Date: | April 2022 | ||||||
| Dates: |
|
||||||
| Number: | 1406 | ||||||
| Number of Pages: | 35 | ||||||
| Institution: | University of Warwick | ||||||
| Status: | Not Peer Reviewed | ||||||
| Publication Status: | Unpublished | ||||||
| Access rights to Published version: | Open Access | ||||||
| Description: | This paper also appears as QAPEC discussion paper 13 and CAGE discussion paper 619 |
Request changes or add full text files to a record
Repository staff actions (login required)
 |
View Item |
Downloads
Downloads per month over past year
