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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Online Access: Full Text (via IMF e-Library)
Main Author: Eyraud, Luc
Other Authors: Moreno Badia, Marialuz
Format: eBook
Language:English
Published: Washington, D.C. : International Monetary Fund, 2013.
Series:IMF working paper ; WP/2013/046.

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