Incentives for public investment under fiscal rules / Jack M. Mintz, Michael Smart

"The authors explore the relationship between fiscal rules and capital budgeting. The current budgetary approach to limit deficits to a fixed portion of GDP or to balance budgets could undermine incentives to invest in public capital with long-run returns since politicians concerned about elect...

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Detalhes bibliográficos
Main Authors:Mintz, Jack M., 1951-
Corporate Authors:World Bank
Outros Autores:Smart, Michael
Formato: Online-Resource
Idioma:English
Publicado em:[Washington, D.C] : World Bank, 2006
Colecção:Policy research working paper
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