Too Small to Fail? : Subnational Spending Pressures in Europe /

The purpose of this paper is to assess whether expenditure decentralization has contributed to weakening fiscal performance in Europe. Using a panel of EU15 countries for the period 1995-2011, we estimate three econometric models and ask the following questions: (1) does the form of spending decentr...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Eyraud, Luc
Weitere Verfasser: Moreno Badia, Marialuz
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2013.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2013/046
Online Zugang:Full text available on IMF