On the Design and Effectiveness of Targeted Expenditure Programs
This paper argues that both horizontal and intertemporal competition among recipient governments are needed in order to ensure incentives for effective utilization of targeted transfers. This has implications for budgeting frameworks and the types of information needed that might be amenable to formal contracting between the levels of government.
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- Ehtisham Ahmad & Li Keping & Raju J Singh & Thomas J Richardson, 2002. "Recentralization in China?," IMF Working Papers 02/168, International Monetary Fund.
- Ping Zhang & Eivind Tandberg & Ehtisham Ahmad, 2002. "On National or Supranational Objectives; Improving the Effectiveness of Targeted Expenditure Programs," IMF Working Papers 02/209, International Monetary Fund.
- Bengt Holmström, 1999. "Managerial Incentive Problems: A Dynamic Perspective," Review of Economic Studies, Oxford University Press, vol. 66(1), pages 169-182.
- Bengt Holmstrom, 1999. "Managerial Incentive Problems: A Dynamic Perspective," NBER Working Papers 6875, National Bureau of Economic Research, Inc.