Format:
Online-Ressource (43 S.)
,
graph. Darst.
Series Statement:
OECD regional development working papers 2014/02
Content:
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.
Note:
Systemvoraussetzungen: Acrobat Reader.
Language:
English
Keywords:
Arbeitspapier
;
Graue Literatur
DOI:
10.1787/5jz5j1qk8fhg-en
