Funding and financing of local government public investment : A framework and application to five OECD Countries

Camila Vammalle ; Indre Bambalaite

Organisation for Economic Co-operation and Development

关键词: fiscal federalism;    public investment;    intergovernmental coordination;    public financing frameworks;    subnational governments;   

DOI  :  https://doi.org/10.1787/162d8285-en

学科分类：社会科学、人文和艺术（综合）

来源: OECD iLibrary

【 摘 要 】

The bulk of government investment is done at the local level in OECD countries, representing on average 41% of total public investment. Most studies on subnational government debt focus on the regional or state level, and very few studies analyse public investment specifically by local governments. This paper aims at filling this gap, presenting a framework to analyse the key factors, which affect the capacity of local governments to fund and finance public investment, and illustrates the framework with five case studies: Denmark, Finland, Ireland, Netherlands and New Zealand.