Saez, Lawrence (2016) 'The Political Budget Cycle and Subnational Debt Expenditures in Federations: Panel Data Evidence from India.' Governance, 29 (1). pp. 47-65.
Abstract
What political variables explain variations in subnational fiscal expenditures on interest payments on the debt? The author argues that the political budget cycle and center‐right political party ideology—rather than the effective number of parties, alternation of power, ideological proximity between the central government and constituent units, or most forms of political party ideology—can help explain the level of expenditures on interest payment of subnational debt in India. The core empirical finding is that significant increases in expenditures on the debt occur the year in which a state assembly election is held in India.
| Item Type: | Journal Article |
|---|---|
| Additional Information: | Published in advance online 25 December 2014 |
| SOAS Departments & Centres: | Departments and Subunits > Department of Politics & International Studies Legacy Departments > Faculty of Law and Social Sciences > Department of Politics and International Studies |
| ISSN: | 09521895 |
| DOI (Digital Object Identifier): | https://doi.org/10.1111/gove.12130 |
| Date Deposited: | 17 Dec 2015 16:38 |
| URI: | https://eprints.soas.ac.uk/id/eprint/21638 |
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