Blackburn, Vincent C.; Gerlach, Richard; Sarafidis, Vasilis - In: Journal of Economics and Management 3 (2007) 2, pp. 125-159
This paper seeks to add to the literature on State and local government fiscal policy adjustment and shock adjustment modeling in an inter-temporal context, with a focus on Australian Fiscal Federation Arrangements. Vector Error Correction Models are estimated using aggregated state and local...