Federal transfers and fiscal discipline in India: An empirical evaluation
A Bhatt, P Scaramozzino - Public Finance Review, 2015 - journals.sagepub.com
This article examines the relationship between federal transfers and fiscal deficits in India.
The current system of transfers has been criticized on the grounds that it distorts the
incentives for states to promote fiscal discipline. We analyze the relationship between
transfers, state domestic product, and fiscal deficit for a panel of states during the period
1990 to 2010. The article finds a positive long-run relationship and bidirectional causality
between primary/gross fiscal deficits and non-plan transfers. Further, there is a negative long …
The current system of transfers has been criticized on the grounds that it distorts the
incentives for states to promote fiscal discipline. We analyze the relationship between
transfers, state domestic product, and fiscal deficit for a panel of states during the period
1990 to 2010. The article finds a positive long-run relationship and bidirectional causality
between primary/gross fiscal deficits and non-plan transfers. Further, there is a negative long …
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