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.

Fiscal Federalism in Theory and Practice

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

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Over the past few decades, a clear trend has emerged worldwide toward the devolution of spending and, to a lesser... Read more

    Publisher: International Monetary Fund (IMF)
    Publication Date: 30/11/1999
    ISBN13: 9781557756633, 978-1557756633
    ISBN10: 1557756635

    Number of Pages: 701

    Non Fiction , Business, Finance & Law

    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.

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