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...
| Collectivité auteur: | |
|---|---|
| Format: | Revue |
| Langue: | English |
| Publié: |
Washington, D.C. :
International Monetary Fund,
1989.
|
| Collection: | IMF Working Papers; Working Paper ;
No. 1989/058 |
| Accès en ligne: | Full text available on IMF |