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- W2317644562 abstract "The paper suggests a new test to assess whether subnational governments face soft or hard budget constraints and applies the suggested procedure to the data on Russian regions in 1995-2001. The test is based on the idea of strategic interaction between regions competing for potential federal bailouts. The estimated spatial lag econometric models support the view that budget constraints of Russian regional governments were soft." @default.
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- W2317644562 date "2005-01-01" @default.
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- W2317644562 title "Are subnational government budget constraints soft? Evidence from Russia" @default.
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