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A sub-national perspective on financing investment for Growth I : measuring fiscal space for public investment ; influences, evolution and perspectives / Claudia Hulbert; Camila Vammalle

Von:

Hulbert, Claudia [aut]

Mitwirkende(r):

Vammalle, Camila [aut]

Resource type: Ressourcentyp: Buch (Online)Buch (Online)Sprache: Englisch Reihen: OECD. OECD Regional Development Working Papers ; 2014/02Verlag: Paris : OECD, 2014Beschreibung: Online-Ressource (43 S.) : graph. DarstSchlagwörter: Genre/Form:

DOI: DOI: 10.1787/5jz5j1qk8fhg-enOnline-Ressourcen:

Zusammenfassung: Sub-national governments are key players for public investment, as they are responsible on average for 62% of total public investment in OECD countries. This article analyses the different factors affecting sub-national governments’ fiscal space for public investment. It proposes an indicator for measuring this fiscal space and analyses the evolution of its different components over 2007-2012. The article shows that the global financial crisis and the ensuring consolidation drive have reduced sub-national governments’ fiscal space for public investment, through a downward pressure on revenues, increased expenditure obligations, and constrained capacity to borrow or issue debt on financial markets.PPN: PPN: 790419378Package identifier: Produktsigel: ZDB-13-SOC | ZDB-13-SOC-ebook

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