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This article examines the institutional and individual determinants of the correct allocation of political responsibilities in a decentralized country such as Spain. It also deals with the learning process of individuals over time. Our results show that the allocation of powers is more...
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The quest for political support drives to upward deviations from forecasted public deficits when i) budget procedures are soft, ii) breaking promises involving higher expenditures and lower taxes is costly in political terms, and iii) ex–post control by voters and political opposition is...
Persistent link: https://www.econbiz.de/10011319028
The quest for political support drives to upward deviations from forecasted public deficits when i) budget procedures are soft, ii) breaking promises involving higher expenditures and lower taxes is costly in political terms, and iii) ex–post control by voters and political opposition is...
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