Too Small to Fail? : Subnational Spending Pressures in Europe / Luc Eyraud, Marialuz Moreno Badia.
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...
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Format: | eBook |
Language: | English |
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Washington, D.C. :
International Monetary Fund,
2013.
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Series: | IMF working paper ;
WP/2013/046. |