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Un modèle d'endettement régional avec contrainte budgétaire molle

Author

Listed:
  • Marie-Laure Breuillé

    (Université Paris Ouest Nanterre la Défense)

  • Thierry Madiès

    (UNIFR - Université de Fribourg = University of Fribourg)

  • Emmanuelle Taugourdeau

    (UN - Université de Nantes)

Abstract

In this article, we endogenously derive the soft budget constraint phenomenon in a federation when fiscal decisions are delegated to regions. In this framework, the softness of the regional budget constraint results from federal government cross-subsidization objective. We analyse the impact of the soft budget constraint on the borrowing opportunity cost.

Suggested Citation

  • Marie-Laure Breuillé & Thierry Madiès & Emmanuelle Taugourdeau, 2006. "Un modèle d'endettement régional avec contrainte budgétaire molle," Post-Print hal-02664987, HAL.
    • Handle: RePEc:hal:journl:hal-02664987
    DOI: 10.3917/reco.573.0553
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    References listed on IDEAS

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    1. Timothy Goodspeed, 2002. "Bailouts in a Federation," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 9(4), pages 409-421, August.
    2. János Kornai, 2014. "The soft budget constraint," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 64(supplemen), pages 25-79, November.
    3. J. Kornai & E. Maskin & G. Roland, 2004. "Understanding the Soft Budget Constraint," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 11.
    4. Wilson, John Douglas, 1999. "Theories of Tax Competition," National Tax Journal, National Tax Association;National Tax Journal, vol. 52(2), pages 269-304, June.
    5. Jonathan A. Rodden & Gunnar S. Eskeland (ed.), 2003. "Fiscal Decentralization and the Challenge of Hard Budget Constraints," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262182297, December.
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    7. Michael J. Keen & Christos Kotsogiannis, 2002. "Does Federalism Lead to Excessively High Taxes?," American Economic Review, American Economic Association, vol. 92(1), pages 363-370, March.
    8. Wilson, John Douglas, 1999. "Theories of Tax Competition," National Tax Journal, National Tax Association, vol. 52(n. 2), pages 269-304, June.
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    More about this item

    Keywords

    FEDERALISME FINANCIER; BIEN PUBLIC REGIONAL;

    JEL classification:

    • H7 - Public Economics - - State and Local Government; Intergovernmental Relations

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