Finance commission of India's assessments: a political economy contention between expectations and outcomes

• Published in: Applied economics Vol. 48; no. 2; pp. 73 - 88
• Main Authors: Nithin, K., Roy, Rathin
• Format: Journal Article
• Language: English
• Published: London Routledge 08.01.2016; Taylor & Francis Ltd
• Subjects: Bootstrap method; Estimation bias; Expenditures; finance commission; fiscal federalism; Fiscal marksmanship; Fiscal policy; forecast evaluation; India; Measurement errors; Political economy; Studies; Tax revenue; Tax revenues; India

We explore the normative fiscal assessments of the Finance Commission (FC) of India, and realisation of fiscal policy with regard to Central Finances over the period 1990-2012. We employ the Theil's inequality coefficient to investigate the magnitude of assessment errors and its partitioning in...