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Budget volatility—the difference between expected and actual revenues and expenditures—is a critical component to sustaining a local government’s fiscal health. While scholars have examined many determinants of budget volatility, less understood is the effect of a local government’s economy—the composition of its economic base—on budget volatility. To fill this gap, panel data methods are used to test the impact of a city’s economic base on budget volatility.
Keywords
Governo Local, Saúde Fiscal Municipal, Finanças Públicas