Sacchi, Agnese; Salotti, Simone - GEN - Governance and Economics research Network, … - 2014
We study what affects the volatility of sub-central spending in 20 OECD countries. The evidence based on data from 1972 to 2007 shows that the volatility of intergovernmental grants from upper levels is positively associated with the volatility of local expenditure. On the contrary, the...