All Outputs (2)

Public Capital Expenditure and Debt Dynamics: Evidence from the European Union (2014)
Preprint / Working Paper
Bhatt Hakhu, A., Piergallini, A., & Scaramozzino, P. Public Capital Expenditure and Debt Dynamics: Evidence from the European Union. London

This paper investigates the relationship between public capital expenditure and public debt in the European Union (EU), relying on a panel of fifteen countries over the sample period 1980-2013. We find robust evidence of a negative cointegrating rela... Read More about Public Capital Expenditure and Debt Dynamics: Evidence from the European Union.

Federal Transfers and Fiscal Discipline in India: An Empirical Evaluation (2014)
Journal Article
Bhatt, A., & Scaramozzino, P. (2015). Federal Transfers and Fiscal Discipline in India: An Empirical Evaluation. Public Finance Review, 43(1), 53-81. https://doi.org/10.1177/1091142113515049

This article examines the relationship between federal transfers and fiscal deficits in India. The current system of transfers has been criticized on the grounds that it distorts the incentives for states to promote fiscal discipline. We analyze the... Read More about Federal Transfers and Fiscal Discipline in India: An Empirical Evaluation.