Author : MissCatriona Purfield
Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781451845143
Total Pages : 31 pages
Book Rating : 4.8/5 (451 download)
Book Synopsis The Decentralization Dilemma in India by : MissCatriona Purfield
Download or read book The Decentralization Dilemma in India written by MissCatriona Purfield and published by INTERNATIONAL MONETARY FUND. This book was released on 2004-02-01 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Already in precarious shape, the financial health of India’s states took a turn for the worse in the late 1990s when state deficits and debt rose sharply. While India is among the world’s most decentralized economies, greater decentralization is not the root cause of this situation. Panel estimation techniques find evidence that the trend rise in deficits reflects problems of transfer dependence and moral hazard that undermine states’ incentives to control deficits.