Arbeitspapier
Debt dynamics, fiscal deficit, and stability in government borrowing in India: A dynamic panel analysis
Despite the initiatives of the Finance Commission of India, fiscal performance has been deteriorating and increasingly diverging across Indian states. Given that the state governments are endowed with expenditure autonomy, this paper investigates whether the composition of expenditure of the subnational governments has an impact on the degree of indebtedness. A panel analysis for the 17 non-special category states over 1980-2013 indicates that apart from the budget structure, the state-specific factors affecting fiscal performance plays an important role in government borrowing. Curiously enough, government borrowing is more responsive to revenue expenditure than capital outlay and has more growth-augmenting effect through revenue expenditure.
- Language
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Englisch
- Bibliographic citation
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Series: ADBI Working Paper ; No. 557
- Classification
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Wirtschaft
State and Local Budget and Expenditures
State and Local Borrowing
Intergovernmental Relations; Federalism; Secession
- Subject
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fiscal deficit
subnational performance
local government indebtedness
India
- Event
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Geistige Schöpfung
- (who)
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Das, Panchanan
- Event
-
Veröffentlichung
- (who)
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Asian Development Bank Institute (ADBI)
- (where)
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Tokyo
- (when)
-
2016
- Handle
- Last update
-
10.03.2025, 11:41 AM CET
Data provider
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Object type
- Arbeitspapier
Associated
- Das, Panchanan
- Asian Development Bank Institute (ADBI)
Time of origin
- 2016
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