Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/249779 
Authors: 
Year of Publication: 
2021
Series/Report no.: 
Working Paper No. 991
Publisher: 
Levy Economics Institute of Bard College, Annandale-on-Hudson, NY
Abstract: 
Using panel data models, we analyze the flypaper effects-whether intergovernmental fiscal transfers or states' own income determine expenditure commitments - on ecological fiscal spending in India. The econometric results show that the unconditional fiscal transfers, rather than the states' own income, determine ecological expenditure in the forestry sector at subnational levels in India. The results hold when the models are controlled for ecological outcomes and demographic variables.
Subjects: 
Long-Term Interest Rate
Government Bond Yields
Monetary Policy
Short-Term Interest Rate
Inflation
Inflation Target
John Maynard Keynes
JEL: 
E12
E43
E50
E58
E60
G10
G12
G41
Document Type: 
Working Paper

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