Fiscal equalization schemes and subcentral government borrowing

Salvador Barrios () and Diego Martínez-López
Authors registered in the RePEc Author Service: Diego Martínez

Chapter 4 in Central and Local Government Relations in Asia, 2017, pp 130-160 from Edward Elgar Publishing

Abstract: Examining the cases of Canada, Germany, and Spain, the role played by fiscal equalization schemes in determining subnational borrowing was analyzed, and the link between regional governments’ primary fiscal balances and gross domestic product per capita was tested econometrically. The study results show that either poor or rich regions can display higher regional public borrowing on average, and these results can be linked to the institutional design of regional equalization systems in place. Particular elements, such as tax efforts and fiscal capacities, also play relevant roles in this regard. Reforms of these schemes can therefore prove instrumental in reducing regional heterogeneity in public borrowing.

Keywords: Asian Studies; Development Studies; Economics and Finance (search for similar items in EconPapers)
Date: 2017
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Related works:
Working Paper: Fiscal Equalization Schemes and Subcentral Government Borrowing (2016)
Working Paper: Fiscal equalisation schemes and sub-central government borrowing (2014)
Working Paper: Fiscal equalisation schemes and sub-central government borrowing (2013)
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