期刊名称：Discussion Papers / Business School, University of Strathclyde
出版年度：2004
卷号：2004
出版社：University of Strathclyde
摘要：In this paper we examine nancial interactions between tiers of government.
Whilst most existing empirical evidence has focused on the US, it is dicult
to generalize conclusions obtained to countries where the position and remit
of lower tiers of government is evolving or is less clear constitutionally. Apply-
ing event study methodology to a dataset covering 15 countries we examine
the timing, extent and composition of scal changes around consolidation
attempts and central government grant cuts. Highlighting the participation
of central and sub-central tiers of government our analysis also sheds light on
key outcomes including decentralized service provision and macroeconomic
adjustment.
