The politics of intergovernmental transfers and local government deficits: Theory and evidence


  • Pablo J. Sanguinetti Universidad Torcuato Di Tella



fiscal policy, coordination failure, Argentina, Great Britain


The purpose of this paper is twofold. First, we present a model of decentralized fiscal policy making where a "coordination failure" problem arises. Second, we make an effort in order to empirically test this approach by developing an empirical investigation based on the recent experience of two countries: Argentina and Great Britain.



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How to Cite

Sanguinetti, P. J. (1993). The politics of intergovernmental transfers and local government deficits: Theory and evidence. Estudios Económicos De El Colegio De México, 8(1), 87–109.