Read Anywhere and on Any Device!

Special Offer | $0.00

Join Today And Start a 30-Day Free Trial and Get Exclusive Member Benefits to Access Millions Books for Free!

Create Free Account

Quick and Easy Sign Up!

It takes less then 1 minute to sign up, then you can enjoy Unlimited eBooks.

Sign Up Browse

Read Anywhere and on Any Device!

  • Download on iOS
  • Download on Android
  • Download on iOS

The impact of fiscal decentralization and the soft budget constraint on the local government debt

David Onditi
4.9/5 (15011 ratings)
Read Now Download Now ⏭ listen AudioBook
Description:Essay from the year 2019 in the subject Business economics - Economic Policy, grade: A, University of Nairobi (School of Business), course: PhD Economics, language: English, abstract: The author aims to study the impacts of fiscal decentralization and soft budget constraint on the scale of local government debts. Moreover, the effect of soft budget constraint on the scale of local government debt under the different extent of fiscal decentralization will be discussed. Due to the linkage between economic growth and the fiscal decentralization, the expansion in the local government debt is closely related to the fiscal decentralization and the soft budget constraint (SBC) - the expectation that the local governments would be bailed out by the central government if they face debt challenges. Based on the literature fiscal decentralization is linked to local government debts as literature indicates that fiscal decentralization leads to the decentralization of the expenditure without the revenue collection powers. The Chinese local governments have increased expenditure budgets on public services but the powers of taxation are centralized. To bridge the revenue gaps, the local governments take up debts that are sunk into infrastructure and other low revenue generating investments. Soft budget constraints are thus a product of fiscal decentralization as they are based on the principal - agent relationship between the politicians and the voters, central government and local government and the local governments and the SOEs within the local jurisdictions.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with The impact of fiscal decentralization and the soft budget constraint on the local government debt. To get started finding The impact of fiscal decentralization and the soft budget constraint on the local government debt, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.
Pages
34
Format
PDF, EPUB & Kindle Edition
Publisher
Grin Verlag
Release
2019
ISBN
3346078973

The impact of fiscal decentralization and the soft budget constraint on the local government debt

David Onditi
4.4/5 (1290744 ratings)
Read Now Download now ⏭ listen AudioBook
Description: Essay from the year 2019 in the subject Business economics - Economic Policy, grade: A, University of Nairobi (School of Business), course: PhD Economics, language: English, abstract: The author aims to study the impacts of fiscal decentralization and soft budget constraint on the scale of local government debts. Moreover, the effect of soft budget constraint on the scale of local government debt under the different extent of fiscal decentralization will be discussed. Due to the linkage between economic growth and the fiscal decentralization, the expansion in the local government debt is closely related to the fiscal decentralization and the soft budget constraint (SBC) - the expectation that the local governments would be bailed out by the central government if they face debt challenges. Based on the literature fiscal decentralization is linked to local government debts as literature indicates that fiscal decentralization leads to the decentralization of the expenditure without the revenue collection powers. The Chinese local governments have increased expenditure budgets on public services but the powers of taxation are centralized. To bridge the revenue gaps, the local governments take up debts that are sunk into infrastructure and other low revenue generating investments. Soft budget constraints are thus a product of fiscal decentralization as they are based on the principal - agent relationship between the politicians and the voters, central government and local government and the local governments and the SOEs within the local jurisdictions.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with The impact of fiscal decentralization and the soft budget constraint on the local government debt. To get started finding The impact of fiscal decentralization and the soft budget constraint on the local government debt, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.
Pages
34
Format
PDF, EPUB & Kindle Edition
Publisher
Grin Verlag
Release
2019
ISBN
3346078973

More Books

Protectionism in the steel industry in the United States. Does trade protectionism lead to higher prices and massive job losses?

Protectionism in the steel industry in the United States. Does trade protectionism lead to higher prices and massive job losses?

4.4/5 (1,282,506 ratings)

A comparative analysis of the economic impact of the implementation of local content policies in Oil and Gas producing countries. Ghana and Norway

A comparative analysis of the economic impact of the implementation of local content policies in Oil and Gas producing countries. Ghana and Norway

4.2/5 (4,466 ratings)

Environmental sustainability as a contemporary challenge and its impacts on the marketing

Environmental sustainability as a contemporary challenge and its impacts on the marketing

4.1/5 (1,751 ratings)

Symphony Orchestra Challenge

Symphony Orchestra Challenge

4.5/5 (743 ratings)

Comparative International Accounting. Fair value accounting in the agricultural sector

Comparative International Accounting. Fair value accounting in the agricultural sector

4/5 (647 ratings)

Evaluation of ZARA and H&M. Marketing Mix, PR, Corporate Finance Strategy and CSR

Evaluation of ZARA and H&M. Marketing Mix, PR, Corporate Finance Strategy and CSR

4/5 (647 ratings)

Fraud prevention and detection. External audits in the organisation of great companies

Fraud prevention and detection. External audits in the organisation of great companies

4.7/5 (647 ratings)

Roman Mythology. Mars the Roman god of war

Roman Mythology. Mars the Roman god of war

4.6/5 (647 ratings)

Safeguards to Prevent Medication Administration Errors in The National Health Service

Safeguards to Prevent Medication Administration Errors in The National Health Service

4.9/5 (647 ratings)
loader