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 d...
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| Hauptverfasser: | , |
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| Körperschaft: | |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Washington, D.C.] :
International Monetary Fund,
©2013.
|
| Schriftenreihe: | IMF working paper ;
WP/13/46. |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | "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 decentralization affect the general government fiscal balance?; (2) is there evidence of spending duplication?; and (3) are soft budget constraints prevalent at the subnational level in Europe? Our results indicate that current decentralization models may have some shortcomings and efforts to achieve fiscal consolidation would require improvements in three areas: better matching subnational spending and revenues; reshaping some expenditure assignments to reduce overlap; and improving the effectiveness of institutional arrangements at the subnational level"--Abstract. |
| Beschreibung: | Title from PDF title page (IMF Web site, viewed Feb. 25, 2013). "Fiscal Affairs Department"--Page 2 of pdf. "February 2013." |
| Beschreibung: | 1 online resource (36 pages) : color illustrations |
| Bibliographie: | Includes bibliographical references (pages 32-35). |
| ISBN: | 9781475528404 147552840X 1475578156 9781475578157 |
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| 520 | |a "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 decentralization affect the general government fiscal balance?; (2) is there evidence of spending duplication?; and (3) are soft budget constraints prevalent at the subnational level in Europe? Our results indicate that current decentralization models may have some shortcomings and efforts to achieve fiscal consolidation would require improvements in three areas: better matching subnational spending and revenues; reshaping some expenditure assignments to reduce overlap; and improving the effectiveness of institutional arrangements at the subnational level"--Abstract. | ||
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| contents | Cover; Too Small to Fail? Subnational Spending Pressures in Europe; Abstract; I. INTRODUCTION; II. FISCAL DECENTRALIZATION AND THE SIZE OF THE PUBLIC SECTOR; III. STYLIZED FACTS ON EXPENDITURE DECENTRALIZATION IN EUROPE; IV. ECONOMETRIC EVIDENCE; V. CONCLUDING REMARKS; Appendix I. Data Sources and Definitions; Appendix II. A Simple Model of Soft Budget Constraints; REFERENCES. |
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| spelling | Eyraud, Luc, author. Too small to fail? : subnational spending pressures in Europe / Luc Eyraud and Marialuz Moreno Badia. Subnational spending pressures in Europe [Washington, D.C.] : International Monetary Fund, ©2013. 1 online resource (36 pages) : color illustrations text txt rdacontent computer c rdamedia online resource cr rdacarrier IMF working paper ; WP/13/46 Title from PDF title page (IMF Web site, viewed Feb. 25, 2013). "Fiscal Affairs Department"--Page 2 of pdf. "February 2013." "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 decentralization affect the general government fiscal balance?; (2) is there evidence of spending duplication?; and (3) are soft budget constraints prevalent at the subnational level in Europe? Our results indicate that current decentralization models may have some shortcomings and efforts to achieve fiscal consolidation would require improvements in three areas: better matching subnational spending and revenues; reshaping some expenditure assignments to reduce overlap; and improving the effectiveness of institutional arrangements at the subnational level"--Abstract. Includes bibliographical references (pages 32-35). Cover; Too Small to Fail? Subnational Spending Pressures in Europe; Abstract; I. INTRODUCTION; II. FISCAL DECENTRALIZATION AND THE SIZE OF THE PUBLIC SECTOR; III. STYLIZED FACTS ON EXPENDITURE DECENTRALIZATION IN EUROPE; IV. ECONOMETRIC EVIDENCE; V. CONCLUDING REMARKS; Appendix I. Data Sources and Definitions; Appendix II. A Simple Model of Soft Budget Constraints; REFERENCES. Government spending policy Europe. Fiscal policy Europe. Decentralization in government Europe. Budget Europe. Dépenses publiques Politique gouvernementale Europe. Politique fiscale Europe. BUSINESS & ECONOMICS Banks & Banking. bisacsh Budget fast Decentralization in government fast Fiscal policy fast Government spending policy fast Europe fast https://id.oclc.org/worldcat/entity/E39PBJxCxPbbk4CPJDQJb4r6rq Moreno Badia, Marialuz, author. International Monetary Fund. Fiscal Affairs Department. http://id.loc.gov/authorities/names/n81027435 Print Version: Eyraud, Luc. Too Small to Fail? Subnational Spending Pressures in Europe Washington, D.C. : International Monetary Fund, 2013. 9781475578157 IMF working paper ; WP/13/46. http://id.loc.gov/authorities/names/no89010263 FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=561202 Volltext |
| spellingShingle | Eyraud, Luc Moreno Badia, Marialuz Too small to fail? : subnational spending pressures in Europe / IMF working paper ; Cover; Too Small to Fail? Subnational Spending Pressures in Europe; Abstract; I. INTRODUCTION; II. FISCAL DECENTRALIZATION AND THE SIZE OF THE PUBLIC SECTOR; III. STYLIZED FACTS ON EXPENDITURE DECENTRALIZATION IN EUROPE; IV. ECONOMETRIC EVIDENCE; V. CONCLUDING REMARKS; Appendix I. Data Sources and Definitions; Appendix II. A Simple Model of Soft Budget Constraints; REFERENCES. Government spending policy Europe. Fiscal policy Europe. Decentralization in government Europe. Budget Europe. Dépenses publiques Politique gouvernementale Europe. Politique fiscale Europe. BUSINESS & ECONOMICS Banks & Banking. bisacsh Budget fast Decentralization in government fast Fiscal policy fast Government spending policy fast |
| title | Too small to fail? : subnational spending pressures in Europe / |
| title_alt | Subnational spending pressures in Europe |
| title_auth | Too small to fail? : subnational spending pressures in Europe / |
| title_exact_search | Too small to fail? : subnational spending pressures in Europe / |
| title_full | Too small to fail? : subnational spending pressures in Europe / Luc Eyraud and Marialuz Moreno Badia. |
| title_fullStr | Too small to fail? : subnational spending pressures in Europe / Luc Eyraud and Marialuz Moreno Badia. |
| title_full_unstemmed | Too small to fail? : subnational spending pressures in Europe / Luc Eyraud and Marialuz Moreno Badia. |
| title_short | Too small to fail? : |
| title_sort | too small to fail subnational spending pressures in europe |
| title_sub | subnational spending pressures in Europe / |
| topic | Government spending policy Europe. Fiscal policy Europe. Decentralization in government Europe. Budget Europe. Dépenses publiques Politique gouvernementale Europe. Politique fiscale Europe. BUSINESS & ECONOMICS Banks & Banking. bisacsh Budget fast Decentralization in government fast Fiscal policy fast Government spending policy fast |
| topic_facet | Government spending policy Europe. Fiscal policy Europe. Decentralization in government Europe. Budget Europe. Dépenses publiques Politique gouvernementale Europe. Politique fiscale Europe. BUSINESS & ECONOMICS Banks & Banking. Budget Decentralization in government Fiscal policy Government spending policy Europe |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=561202 |
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