Fiscal federalism in theory and practice
Author(s)
Bibliographic Information
Fiscal federalism in theory and practice
International Monetary Fund, 1997
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Note
Papers prepared by the staff of the International Monetary Fund
Includes bibliographical references
Description and Table of Contents
Description
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.
Table of Contents
- Theory
- practice - industrial countries
- practice - developing countries
- practice - economies in transition.
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