Fiscal Federalism in Theory and Practice.

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...

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Bibliografski detalji
Format: Žurnal
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 1997.
Online pristup:Full text available on IMF
Opis
Sažetak: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.
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Opis:1 online resource (723 pages)
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