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Fiscal Equalization Schemes and Subcentral Government Borrowing

dc.contributor.authorSalvador Barrios
dc.contributor.authorDiego Martínez–López
dc.date.accessioned2016-12-01T15:51:32Z
dc.date.available2016-12-01T15:51:32Z
dc.date.issued2016-9-15
dc.identifier.urihttp://hdl.handle.net/11540/6653
dc.description.abstractExamining the cases of Canada, Germany, and Spain, the role played by fiscal equalization schemes in determining subnational borrowing was analyzed, and the link between regional governments’ primary fiscal balances and gross domestic product per capita was tested econometrically. The study results show that either poor or rich regions can display higher regional public borrowing on average, and these results can be linked to the institutional design of regional equalization systems in place. Particular elements, such as tax efforts and fiscal capacities, also play relevant roles in this regard. Reforms of these schemes can therefore prove instrumental in reducing regional heterogeneity in public borrowing.
dc.languageEnglish
dc.publisherAsian Development Bank Institute
dc.titleFiscal Equalization Schemes and Subcentral Government Borrowing
dc.typeWorking Papers
dc.subject.expertEconomic integration
dc.subject.expertDevelopment Bank
dc.subject.expertCapital Market
dc.subject.expertRegional Plans
dc.subject.expertRegional Development Bank
dc.subject.expertDevelopment finance
dc.subject.adbAsian Development Bank
dc.subject.adbDevelopment
dc.subject.adbRegional Economic Integration
dc.subject.adbFinancial Sector Policies
dc.subject.adbFinancial Risk Management
dc.subject.adbBond Financing
dc.subject.naturalDevelopment Banks
dc.subject.naturalLocal government bonds
dc.subject.naturalBonds
dc.subject.naturalCatastrophe bonds
dc.subject.naturalBond funds
dc.subject.naturalBond market
dc.subject.naturalMultilateral development banks
dc.title.seriesADBI Working Paper Series
dc.title.volumeNo. 595
dc.contributor.imprintAsian Development Bank Institute
oar.themeFinance
oar.themeRegional
oar.adminregionAsia and the Pacific Region
oar.countryBangladesh
oar.countryBhutan
oar.countryIndia
oar.countryMaldives
oar.countryNepal
oar.countrySri Lanka
oar.countryBrunei Darussalam
oar.countryCambodia
oar.countryIndonesia
oar.countryLao People's Democratic
oar.countryMalaysia
oar.countryMyanmar
oar.countryPhilippines
oar.countrySingapore
oar.countryThailand
oar.countryViet Nam
oar.countryCook Islands
oar.countryFiji Islands
oar.countryKiribati
oar.countryMarshall Islands
oar.countryFederated States of Micronesia
oar.countryNauru
oar.countryPalau
oar.countryPapua New Guinea
oar.countrySamoa
oar.countrySolomon Islands
oar.countryTimor-Leste
oar.countryTonga
oar.countryTuvalu
oar.countryVanuatu
oar.countryAfghanistan
oar.countryArmenia
oar.countryAzerbaijan
oar.countryGeorgia
oar.countryKazakhstan
oar.countryKyrgyz Republic
oar.countryPakistan
oar.countryTajikistan
oar.countryTurkmenistan
oar.countryUzbekistan
oar.countryPeople's Republic of China
oar.countryHong Kong
oar.countryChina
oar.countryRepublic of Korea
oar.countryMongolia
oar.countryTaipei,China
oar.identifierOAR-006320
oar.authorBarrios, Salvador
oar.authorMartínez–López, Diego
oar.importtrue
oar.gsauthorSalvador Barrios
oar.gsauthorDiego Martínez–López
oar.googlescholar.linkpresenttrue


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  • ADBI Working Papers
    The Asian Development Bank Institute (ADBI) Working Paper series is a continuation of the formerly named Discussion Paper series which began in January 2003. The numbering of the papers continued without interruption or change. ADBI was established in 1997 in Tokyo, Japan, to help build capacity, skills, and knowledge related to poverty reduction and other areas that support long-term growth and competitiveness in developing economies in Asia and the Pacific.

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