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Fiscal decentralization and fiscal consolidations in emerging market economies

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  • John Thornton
  • Olumuyiwa Adedeji

Abstract

Results using event study analysis based on a data panel of expenditure and revenue developments in emerging market economies during 1972-2001 indicate that subnational governments supported fiscal consolidation efforts by cutting their capital expenditure and increasing their revenues.

Suggested Citation

  • John Thornton & Olumuyiwa Adedeji, 2010. "Fiscal decentralization and fiscal consolidations in emerging market economies," Applied Economics Letters, Taylor & Francis Journals, vol. 17(11), pages 1043-1047.
    • Handle: RePEc:taf:apeclt:v:17:y:2010:i:11:p:1043-1047
    DOI: 10.1080/00036840902817441
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    Cited by:

    1. Dirk Foremny & Agnese Sacchi & Simone Salotti, 2017. "Decentralization and the duration of fiscal consolidation: shifting the burden across layers of government," Public Choice, Springer, vol. 171(3), pages 359-387, June.

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