Series: IMF Working Papers
Author(s): Serhan Cevik
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 19 December 2014
Keywords: Vertical fiscal imbalance, subnational governments, revenues, decentralization, subnational, central government, Structure and Scope of Government, Deficit, General, State and Local Taxation
Using a novel municipality-level panel dataset, this paper investigates the empirical characteristics of vertical fiscal imbalances (VFIs) in Moldova over the period 2005-13. The results show that the extent of var...