Un modèle d'endettement régional avec contrainte budgétaire molle

In this article, we endogenously derive the soft budget constraint phenomenon in a federation when fiscal decisions are delegated to regions. In this framework, the softness of the regional budget constraint results from federal government cross-subsidization objective. We analyse the impact of the soft budget constraint on the borrowing opportunity cost. Classification JEL : E62 ; H7

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Year of publication:	2006
Authors:	Breuillé, Marie-Laure ; Madiès, Thierry ; Taugourdeau, Emmanuelle
Published in:	Revue économique. - Presses de Sciences-Po. - Vol. 57.2006, 3, p. 553-561
Publisher:	Presses de Sciences-Po

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Extent:	application/pdf text/html
Type of publication:	Article
Classification:	H7 - State and Local Government; Intergovernmental Relations
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008578900