The Economics of Fiscal Federalism and Local Finance
The Economics of Fiscal Federalism and Local Finance

Author: Wallace E. Oates

Publisher: Edward Elgar Pub

Published: 1998-01-01

Total Pages: 723

ISBN-13: 9781858983554

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'. . . this compilation of articles to fiscal federalism and local finance is of highest quality and a must for each scholar interested in this field. Moreover, it is edited by Wallace Oates who is the father of the analysis of fiscal federalism. Thus, it is no surprise that the book contains the most outstanding classical papers in the field. All in all, this selection of papers is the best that can be drawn from the literature. . . . this volume . . . has been published right in time to set the pace for the future.' - Lars P. Feld, Kyklos This volume presents an authoritative collection of the most significant papers on fiscal federalism and local finance. In addition to some classic papers, it offers clear and insightful presentations of conventional wisdom in the field as well as recent papers which illuminate important issues and point the way to ongoing research. Topics covered include federal tax structure and the division of fiscal functions among levels of government, the effect of local taxes on economic growth, the systems of governmental grants, income redistribution, the theory and practice of local finance and fiscal decentralization in developing countries and transitional economies.

Macro Federalism and Local Finance
Macro Federalism and Local Finance

Author: Anwar M. Shah

Publisher: World Bank Publications

Published: 2008-06-20

Total Pages: 362

ISBN-13: 0821363271

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The design of a federal system to deal with growth, stabilization, and regional and local development issues is the primary concern of this volume, edited by Anwar Shah. The book provides analytical tools to address issues arising from globalization, localization, and regional integration. It discusses tax harmonization issues associated with subnational value added tax administration. It provides a framework for fiscal discipline in a federal system. Lessons from international experiences from policies to deal with lagging regions are drawn. The book empirically examines the effect of fiscal decentralization on the overall size of the public sector. Finally, it draws lessons from industrial countries' experiences on local governance. This important new series represents a response to several independent evaluations in recent years that have argued that development practitioners and policy makers dealing with public sector reforms in developing countries and, indeed, anyone with a concern for effective public governance could benefit from a synthesis of newer perspectives on public sector reforms. This series distills current wisdom and presents tools of analysis for improving the efficiency, equity, and efficacy of the public sector. Leading public policy experts and practitioners have contributed to the series.

Fiscal Federalism and State-local Finance
Fiscal Federalism and State-local Finance

Author: Jørn Rattsø

Publisher: Edward Elgar Publishing

Published: 1998

Total Pages: 448

ISBN-13:

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Reprints 23 carefully selected articles intended to provide a balanced view of the Scandinavian model of local financing, including perspectives from four of the five Nordic countries, leaving out Iceland's unique design. They cover style, reform, and performance; demand; political institutions; cost and control; and theory. Among the specific topics are reforming a centralized system of local public finance in Norway, local public expenditure in Sweden as a model in which the median voter is not necessarily decisive, real and perceived effects of changing the grant system from specific to general grants, a hedonic cost approach to cost efficiency in providing child care services, and the behavior of bureaucrats and the choice between single-purpose and multi-purpose authorities. Most of the studies consider Norway, reflecting the much greater research into the subject in that country. No subject index. Annotation copyrighted by Book News, Inc., Portland, OR

Fiscal Decentralization and Local Finance in Developing Countries
Fiscal Decentralization and Local Finance in Developing Countries

Author: Roy Bahl

Publisher: Edward Elgar Publishing

Published: 2018-03-30

Total Pages: 430

ISBN-13: 1786435306

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This book draws on experiences in developing countries to bridge the gap between the conventional textbook treatment of fiscal decentralization and the actual practice of subnational government finance. The extensive literature about the theory and practice is surveyed and longstanding problems and new questions are addressed. It focuses on the key choices that must be made in decentralizing, on how economic and political factors shape the choices that countries make, and on how, by paying more attention to the need for a more comprehensive approach and the critical connections between different components of decentralization reform, everyone involved might get more for their money.

Fiscal Federalism in Theory and Practice
Fiscal Federalism in Theory and Practice

Author: Mrs.Teresa Ter-Minassian

Publisher: International Monetary Fund

Published: 1997-09-10

Total Pages: 1146

ISBN-13: 9781557756633

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Over the past few decades, a clear trend has emerged worldwide toward the devolution of spending and, to a lesser extent, revenue-raising responsibilities to state and local levels of government. One view is that the decentralization of spending responsibilities can entail substantial gains in terms of distributed equity and macroeconomic management. The papers in this volume, edited by Teresa Ter-Minassian, examine the validity of these views in light of theoretical considerations, as well as the experience of a number of countries.

State and Local Finances Under Pressure
State and Local Finances Under Pressure

Author: David L. Sjoquist

Publisher: Edward Elgar Publishing

Published: 2003-01-01

Total Pages: 358

ISBN-13: 9781781008522

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State and Local Finances under Pressure explores the future of state and local government fiscal systems given the numerous pressures they face from economic, legal, technological, demographic and political forces. It explores how these multiple forces play out in terms of the changes state and local governments should and are likely to make. The contributors argue that state and local governments must make substantial changes and that failure to act is likely to result in adverse effects and increasing pressures for modifications that are more difficult to implement and more politically unpalatable. Without reform, state and local fiscal systems will grow increasingly out of sync with economic reality. The authors suggest that government responses are likely to be evolutionary, but that in 25 years the recorded changes will be substantial. The first chapter provides a historic perspective of state and local fiscal trends. Each of the subsequent chapters describes the nature of one of the pressures state and local governments face including: political and legal forces, globalization of business, demographic and technological changes, deregulation of utilities, and urban sprawl. Policymakers, economists, political scientists, fiscal policy analysts and public administrators will find this comprehensive book of interest.

Fiscal Federalism
Fiscal Federalism

Author: Robin Boadway

Publisher: Cambridge University Press

Published: 2009-05-11

Total Pages: 629

ISBN-13: 1139477668

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This book provides a comprehensive account of the principles and practices of fiscal federalism based on the currently accepted theoretical framework and best practices. The traditional topics of assignment of responsibilities, intergovernmental fiscal arrangements, fiscal competition, and grants are covered in a unified framework with reference to actual practices followed in federations around the world. Special issues such as local government and the implications of natural resource issues are considered along with emerging issues such as governance, corruption, and the effect of globalization and the information revolution on the nation state. The treatment is non-technical and suitable for a wide variety of audiences, including scholars, instructors, students, policy advisors, and practitioners.

State and Local Financial Instruments
State and Local Financial Instruments

Author: Johnson, Craig L.

Publisher: Edward Elgar Publishing

Published: 2021-11-09

Total Pages: 320

ISBN-13: 1800370938

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The ability of a nation to finance its basic infrastructure is essential to its economic well-being in the 21st century. This second edition of State and Local Financial Instruments covers the municipal securities market in the United States from the perspective of its primary capital financing role in a fiscal federalist system, where subnational governments are responsible for financing the nationÕs essential physical infrastructure.

Fiscal Federalism
Fiscal Federalism

Author: Harvey S. Rosen

Publisher: University of Chicago Press

Published: 2008-04-15

Total Pages: 276

ISBN-13: 0226726231

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We often think of fiscal decisions as being made by a single government, but in the United States the reality is that an astounding number of entities have the power to tax and spend. State, local, and federal governments all play crucial roles in the U.S. fiscal system, and the interrelation has been the source of continuing controversy. This fact is the focus of the seven papers and commentaries presented in this volume, the result of a conference sponsored by the NBER. The contributors use various quantitative tools to study policy issues, obtaining results that will interest policymakers and researchers working in the areas of taxation and public finance. The first three papers study the distribution of power and responsibilities among the various levels of government. John Joseph Wallis and Wallace E. Oates look at the extend and evolution of decentralization in the state and local sector; Robert P. Inman examines the growth of federal grants and the structure of congressional decision making; and Jeffrey S. Zax investigates the effects of the number of government jurisdictions on aggregate local public debt and expenditures. The next three papers look at the deductibility of state and local taxes on federal tax returns. Using an econometric analysis, Douglas Holtz-Eakin and Harvey S. Rosen examine the effects of deductibility on revenue sources and level of expenditures. Lawrence B. Lindsey looks at how deductibility affects the level and type of taxation. George R. Zodrow uses a two-sector general equilibrium model to investigate revenue effects of deductibility. Finally, Charles R. Hulten and Robert M. Schwab analyze the problem of developing an accurate estimate of income for the state and local sector, finding that conventional accounting procedures have underestimated the income generated by a startling $100 billion.