State capacity & the soft budget constraint: Fiscal federalism, Indian style
In this paper, we explore the effects of India's federal structure on state-level fiscal responsibility. Drawing from a 1991–2018 dataset, we argue that higher levels of transfer and borrowing dependence (soft budget constraints) from the central government facilitate lower levels of fiscal res...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2023-07-01
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| Series: | Asia and the Global Economy |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2667111523000051 |