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Fiscal Federalism In Theory And Practice

Fiscal Federalism In Theory And Practice
Author: Mrs.Teresa Ter-Minassian
Publisher: International Monetary Fund
ISBN: 9781557756633
Size: 62.39 MB
Format: PDF, ePub
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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.

Fiscal Federalism In India

Fiscal Federalism In Theory And Practice
Author: M. Govinda Rao
Size: 44.13 MB
Format: PDF
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This book critically reviews India s fiscal federalismand focusses on issues rather than institutions.

Decentralization And Development Fiscal Federalism In Theory And Practice

Fiscal Federalism In Theory And Practice
Author: Samuel Mäurer
Publisher: GRIN Verlag
ISBN: 334661266X
Size: 58.78 MB
Format: PDF
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Seminar paper from the year 2019 in the subject Economics - Finance, Johannes Gutenberg University Mainz, language: English, abstract: This seminar paper deals with a critical discussion of the economic insight from chapter 8: Decentralization and development of the Handbook on Fiscal Federalism. Decentralization is generally defined as the transfer of certain administrative and fiscal functions or powers of a central authority to several local authorities. The main advantage of local decentralization is that local governments are more efficient at providing certain public services compared to the higher levels of government Oates (1972). The chapter focuses on the type of decentralization in developing and transition economies, on the transfer of political decision-making power to subnational levels of government and cases where local community organizations formally participate in the implementation of funded and centrally directed projects. It’s important to mention that the chapter distinguishes decentralization in the sense of decentralization of political decision-making power from administrative delegation of functions of the central government to the local one. However, the effects of a policy of decentralization may differ sustainably. Like the common case when the central government delegates responsibility for social sector expenditure to local authorities in the form of unfunded mandates, which results in a closure of the social programmes. Decentralization can be used to serve the political power of the central government to dispel some authority, when the central control might be threatened by regional interest. During the apartheid regime in South Africa, decentralization was used as an instrument of central control and racial division. But on the other hand, it also has positive effects where decentralization is the result of the recent transition from authoritarianism to democracy, as in countries such as Brazil or Indonesia.

The International Handbook of Public Financial Management
Language: en
Pages: 881
Authors: Richard Allen, Richard Hemming, B. Potter
Categories: Business & Economics
Type: BOOK - Published: 2013-08-15 - Publisher: Springer
The Handbook is a virtual encyclopedia of public financial management, written by topmost experts, many with a background in the IMF and World Bank. It provides the first comprehensive guide to the subject that has been published in more than ten years. The book is aimed at a broad audience