Description

Book Synopsis
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.

Fiscal Federalism in Theory and Practice

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    A Paperback / softback by International Monetary Fund, Teresa Ter-Minassian

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      Publisher: International Monetary Fund (IMF)
      Publication Date: 30/11/1999
      ISBN13: 9781557756633, 978-1557756633
      ISBN10: 1557756635
      Also in:
      Business, Finance & Law International economics Political economy Public finance and taxation

      Description

      Book Synopsis
      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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