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Central government control and fiscal adjustment : Norwegian evidence

Author

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  • Arnt Ove Hopland

    () (Department of Economics, Norwegian University of Science and Technology)

Abstract

Norwegian local governments that violate the balanced budget rule (BBR) are placed in a register. The consequence of being in the register is that the budget and resolutions to raise new loans must be approved by the county governor, the central government's representative in the county. Local governments in the register are subject to stronger central government control and must tighten their budgetary policy in order to be removed from the register. The findings suggest that local governments in the register improve their operating surplus, mainly due to cost reductions.

Suggested Citation

  • Arnt Ove Hopland, 2012. "Central government control and fiscal adjustment : Norwegian evidence," Working Paper Series 13812, Department of Economics, Norwegian University of Science and Technology.
  • Handle: RePEc:nst:samfok:13812
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    File URL: http://www.svt.ntnu.no/iso/WP/2012/15_H_Robek_july12.pdf
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    More about this item

    Keywords

    Fiscal adjustment; balanced budget regulations; fiscal federalism;

    JEL classification:

    • H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue
    • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures
    • H74 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Borrowing
    • H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism

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