Please use this identifier to cite or link to this item: http://arl.liuc.it/dspace/handle/2468/5858
Title: Grant legislation vs. political factors as determinants of soft budget spending behaviors. Comparison between Italian and French regions
Authors: Josselin, Jean-Michel
Padovano, Fabio
Rocaboy, Yvon
Issue Date: 2013
Publisher: European Association for Comparative Economic Studies (EACES)
Università Carlo Cattaneo - LIUC
Bibliographic citation: Josselin Jean-Michel, Padovano Fabio, Rocaboy Yvon (2013), Grant legislation vs. political factors as determinants of soft budget spending behaviors. Comparison between Italian and French regions. In: The European Journal of Comparative Economics, vol. 10, n. 3, 2013, p. 317-354. E-ISSN 1824-2979.
Abstract: This paper analyses intergovernmental transfers in France and Italy to assess to which extent soft budget spending behaviors result from slack in fiscal constraints or from political factors. It innovates on the previous literature, which concentrated on single countries, by adopting a comparative perspective. We estimate two separate but identical autoregressive forecasting models on French and Italian data to evaluate how rules and political factors lead the regional administrators of each country to form their expectations about the amount of transfers they will receive from the central government. This allows to proxy the transfer expectations in both countries and their role in determining soft budget spending behaviors. The estimates indicate that transfer expectations are a quantitatively important component of regional spending in both countries, regardless thedifferent degrees of stringency of grant legislations and the type of grants and expenditures (total, currentand capital) examined.
URI: http://arl.liuc.it/dspace/handle/2468/5858
Journal/Book: The European journal of comparative economics
Appears in Collections:EJCE

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