A Sub-national Perspective on Financing Investment for Growth I - Measuring Fiscal Space for Public Investment: Influences, Evolution and Perspectives
Sub-national governments are key players for public investment, as they are responsible on average for 62% of total public investment in OECD countries. This article analyses the different factors affecting sub-national governments' fiscal space for public investment. It proposes an indicator f...
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Format: | Elektronisch E-Book |
Sprache: | English |
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Paris
OECD Publishing
2014
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Schriftenreihe: | OECD Regional Development Working Papers
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Online-Zugang: | UBA01 UBG01 UEI01 UER01 UPA01 UBR01 UBW01 FFW01 FNU01 EUV01 FRO01 FHR01 FHN01 TUM01 FHI01 UBM01 Volltext |
Zusammenfassung: | Sub-national governments are key players for public investment, as they are responsible on average for 62% of total public investment in OECD countries. This article analyses the different factors affecting sub-national governments' fiscal space for public investment. It proposes an indicator for measuring this fiscal space and analyses the evolution of its different components over 2007-2012. The article shows that the global financial crisis and the ensuring consolidation drive have reduced sub-national governments' fiscal space for public investment, through a downward pressure on revenues, increased expenditure obligations, and constrained capacity to borrow or issue debt on financial markets |
Beschreibung: | 1 Online-Ressource (44 Seiten) 21 x 29.7cm |
DOI: | 10.1787/5jz5j1qk8fhg-en |
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Datensatz im Suchindex
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spelling | Hulbert, Claudia Verfasser aut A Sub-national Perspective on Financing Investment for Growth I - Measuring Fiscal Space for Public Investment Influences, Evolution and Perspectives Claudia Hulbert and Camila Vammalle Paris OECD Publishing 2014 1 Online-Ressource (44 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Regional Development Working Papers Sub-national governments are key players for public investment, as they are responsible on average for 62% of total public investment in OECD countries. This article analyses the different factors affecting sub-national governments' fiscal space for public investment. It proposes an indicator for measuring this fiscal space and analyses the evolution of its different components over 2007-2012. The article shows that the global financial crisis and the ensuring consolidation drive have reduced sub-national governments' fiscal space for public investment, through a downward pressure on revenues, increased expenditure obligations, and constrained capacity to borrow or issue debt on financial markets Governance Urban, Rural and Regional Development Vammalle, Camila ctb https://doi.org/10.1787/5jz5j1qk8fhg-en Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Hulbert, Claudia A Sub-national Perspective on Financing Investment for Growth I - Measuring Fiscal Space for Public Investment Influences, Evolution and Perspectives Governance Urban, Rural and Regional Development |
title | A Sub-national Perspective on Financing Investment for Growth I - Measuring Fiscal Space for Public Investment Influences, Evolution and Perspectives |
title_auth | A Sub-national Perspective on Financing Investment for Growth I - Measuring Fiscal Space for Public Investment Influences, Evolution and Perspectives |
title_exact_search | A Sub-national Perspective on Financing Investment for Growth I - Measuring Fiscal Space for Public Investment Influences, Evolution and Perspectives |
title_exact_search_txtP | A Sub-national Perspective on Financing Investment for Growth I - Measuring Fiscal Space for Public Investment Influences, Evolution and Perspectives |
title_full | A Sub-national Perspective on Financing Investment for Growth I - Measuring Fiscal Space for Public Investment Influences, Evolution and Perspectives Claudia Hulbert and Camila Vammalle |
title_fullStr | A Sub-national Perspective on Financing Investment for Growth I - Measuring Fiscal Space for Public Investment Influences, Evolution and Perspectives Claudia Hulbert and Camila Vammalle |
title_full_unstemmed | A Sub-national Perspective on Financing Investment for Growth I - Measuring Fiscal Space for Public Investment Influences, Evolution and Perspectives Claudia Hulbert and Camila Vammalle |
title_short | A Sub-national Perspective on Financing Investment for Growth I - Measuring Fiscal Space for Public Investment |
title_sort | a sub national perspective on financing investment for growth i measuring fiscal space for public investment influences evolution and perspectives |
title_sub | Influences, Evolution and Perspectives |
topic | Governance Urban, Rural and Regional Development |
topic_facet | Governance Urban, Rural and Regional Development |
url | https://doi.org/10.1787/5jz5j1qk8fhg-en |
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