Jin, Yinghua; Rider, Mark - In: Journal of Public Budgeting, Accounting & Financial … 34 (2020) 6, pp. 146-167
Purpose: The authors test the effect of expenditure decentralization and fiscal equalization on short- and long-run economic growth and estimate two-step generalized method of moment (GMM) simultaneous equations models, using panel data for China and India for the period 1985 to 2005. The...