| Budget Amount *help |
¥4,290,000 (Direct Cost: ¥3,300,000、Indirect Cost: ¥990,000)
Fiscal Year 2009: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2008: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
Fiscal Year 2007: ¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000)
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| Research Abstract |
Releasing fiscal information of the governments has feedback effects on their incentives and affects their behaviors and policy choices through changing the behaviors or expectations of other political actors such as voters and interest groups. In this study, we mainly examined the signaling effects of the composition of fiscal adjustments, i.e., the choice between spending cuts or tax increases, and the competition among local governments which are motivated with career-concerns and relative performance evaluation to show the efficiency-enhancing properties of transparent budget and decentralization.
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