Article ID Journal Published Year Pages File Type
5060610 Economics Letters 2012 5 Pages PDF
Abstract
► We test for differences in the cyclicality of government spending between sub-central government and central government. ► Central government spending is found to be acyclical. ► Sub-central government spending is procyclical. ► We account for the procyclicality of sub-central government spending through intergovernmental transfers.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Intergovernmental transfers and procyclical public spending
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