Unfolding the Flypaper : The Effects of Intergovernmental Grants in an Open Local Economy.
Empirical studies of the effects of intergovernmental grants to localities do not support standard microeconomic predictions. Block grants have surprisingly large positive effects on public expenditures. Researchers have attributed this 'flypaper effect' to imperfect information (fiscal il...
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| Формат: | Журнал |
| Язык: | English |
| Опубликовано: |
Washington, D.C. :
International Monetary Fund,
1989.
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| Серии: | IMF Working Papers; Working Paper ;
No. 1989/058 |
| Online-ссылка: | Full text available on IMF |