Un modèle d'endettement régional avec contrainte budgétaire molle

Marie-Laure Breuillé (), Thierry Madiès and Emmanuelle Taugourdeau

Revue économique, 2006, vol. 57, issue 3, 553-561

Abstract: In this article, we endogenously derive the soft budget constraint phenomenon in a federation when fiscal decisions are delegated to regions. In this framework, the softness of the regional budget constraint results from federal government cross-subsidization objective. We analyse the impact of the soft budget constraint on the borrowing opportunity cost. Classification JEL : E62 ; H7

JEL-codes: H7 (search for similar items in EconPapers)
Date: 2006
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Working Paper: Un modèle d'endettement régional avec contrainte budgétaire molle (2006)
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