文章基本信息

标题：Fiscal Federalism, Fiscal Consolidations and Cuts in Central Government Grants: Evidence from an Event Study
本地全文：下载
作者：JULIA DARBY ; ANTON MUSCATELLI ; GRAEME ROY 等
期刊名称：Discussion Papers / Business School, University of Strathclyde
出版年度：2004
卷号：2004
出版社：University of Strathclyde
摘要：In this paper we examine nancial interactions between tiers of government. Whilst most existing empirical evidence has focused on the US, it is dicult to generalize conclusions obtained to countries where the position and remit of lower tiers of government is evolving or is less clear constitutionally. Apply- ing event study methodology to a dataset covering 15 countries we examine the timing, extent and composition of scal changes around consolidation attempts and central government grant cuts. Highlighting the participation of central and sub-central tiers of government our analysis also sheds light on key outcomes including decentralized service provision and macroeconomic adjustment.