Fiscal decentralization and fiscal consolidations in emerging market economies

John Thornton and Olumuyiwa Adedeji

Applied Economics Letters, 2010, vol. 17, issue 11, 1043-1047

Abstract: Results using event study analysis based on a data panel of expenditure and revenue developments in emerging market economies during 1972-2001 indicate that subnational governments supported fiscal consolidation efforts by cutting their capital expenditure and increasing their revenues.

Date: 2010
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DOI: 10.1080/00036840902817441

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