Series: IMF Working Papers
Author(s): Luc Eyraud , and Marialuz Moreno Badia
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 25 February 2013
Keywords: fiscal federalism, local governments, EU, decentralization, subnational governments, expenditure decentralization, fiscal decentralization, Structure and Scope of Government, Deficit, General
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 eco...