Funding and financing of local government public investment: A framework and application to five OECD Countries

Camila Vammalle and Indre Bambalaite

No 34, OECD Working Papers on Fiscal Federalism from OECD Publishing

Abstract: The bulk of government investment is done at the local level in OECD countries, representing on average 41% of total public investment. Most studies on subnational government debt focus on the regional or state level, and very few studies analyse public investment specifically by local governments. This paper aims at filling this gap, presenting a framework to analyse the key factors, which affect the capacity of local governments to fund and finance public investment, and illustrates the framework with five case studies: Denmark, Finland, Ireland, Netherlands and New Zealand.

Keywords: fiscal federalism; intergovernmental coordination; public financing frameworks; public investment; subnational governments (search for similar items in EconPapers)
JEL-codes: H54 H74 R53 (search for similar items in EconPapers)
Date: 2021-03-25
New Economics Papers: this item is included in nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:oec:ctpaab:34-en

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