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Local Government Finances: The Link between Intergovernmental Transfers and Net Worth

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Organisation for Economic Co-operation and Development2026-04-11 收录
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https://www.oecd.org/en/publications/local-government-finances_080476332876.html
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There is a large literature on how the sharing of revenue between different levels of government and the design of intergovernmental transfer schemes affect sub-national finances. Using a panel of OECD countries during 1980-2005, this paper tests for: i) the presence of a stable long-run statistical association between changes in transfer receipts...
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