Fiscal Federalism in Theory and Practice

Fiscal Federalism in Theory and Practice
Author: Mrs.Teresa Ter-Minassian
Publisher: International Monetary Fund
Total Pages: 1146
Release: 1997-09-10
Genre: Business & Economics
ISBN: 9781557756633

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 2016 Making Decentralisation Work

Fiscal Federalism 2016 Making Decentralisation Work
Author: OECD
Publisher: OECD Publishing
Total Pages: 152
Release: 2016-06-20
Genre:
ISBN: 9264254056

Fiscal Federalism 2016 covers: spending and tax devolution, fiscal constitutions of federal countries, immovable property taxation, the spending power of sub-central governments, the own tax resources and intergovernmental grants mix, and rules and frameworks for sustainable debt management.

Indian Fiscal Federalism

Indian Fiscal Federalism
Author: Y.V. Reddy
Publisher: Oxford University Press
Total Pages: 335
Release: 2018-12-27
Genre: Political Science
ISBN: 0199097046

Likening fiscal federalism to a game between the Union and the States, and among the States themselves, Indian Fiscal Federalism lays bare the complex rules of play. It examines the pivotal role of Finance Commissions and assesses momentous events since 2014, such as the replacement of the Planning Commission by NITI Aayog, the emergence of the GST Council, and the controversies surrounding the Fifteenth Finance Commission. States, and among the States themselves, Indian Fiscal Federalism lays bare the complex rules of play. It examines the pivotal role of Finance Commissions and assesses momentous events since 2014, such as the replacement of the Planning Commission by NITI Aayog, the emergence of the GST Council, and the controversies surrounding the Fifteenth Finance Commission. A contemporary, timely, and comprehensive analysis of fiscal federalism in India, this practitioners’ perspective is a must-read for all those interested in the subject.

Fiscal Equalization

Fiscal Equalization
Author: Jorge Martinez-Vazquez
Publisher: Springer Science & Business Media
Total Pages: 495
Release: 2007-05-16
Genre: Business & Economics
ISBN: 0387489886

In this book, experts from across the globe highlight the state of knowledge in intergovernmental transfer design. The essays collected in the volume represent creative new thinking about challenging policy issues and offer useful options for policy makers. The book offers academics and practitioners a thorough, thematic assessment of unresolved issues in the design of equalization grants.

Fiscal Federalism

Fiscal Federalism
Author: Robin Boadway
Publisher: Cambridge University Press
Total Pages: 629
Release: 2009-05-11
Genre: Political Science
ISBN: 1139477668

This book provides a comprehensive account of the principles and practices of fiscal federalism based on the currently accepted theoretical framework and best practices. The traditional topics of assignment of responsibilities, intergovernmental fiscal arrangements, fiscal competition, and grants are covered in a unified framework with reference to actual practices followed in federations around the world. Special issues such as local government and the implications of natural resource issues are considered along with emerging issues such as governance, corruption, and the effect of globalization and the information revolution on the nation state. The treatment is non-technical and suitable for a wide variety of audiences, including scholars, instructors, students, policy advisors, and practitioners.

Federalism as Decision-Making

Federalism as Decision-Making
Author: Francesco Palermo
Publisher: Hotei Publishing
Total Pages: 538
Release: 2015-02-24
Genre: Law
ISBN: 9004274510

Accounting for participation, separation of powers and democratic accountability, federalism gains momentum in times when traditional democratic legitimacy of institutional decision-making is challenged. Its ability to include multiple interests makes federalism a means to ensure good governance. Based on a multidisciplinary analysis, the book tackles the question of whether federalism as a pragmatic governance tool provides answers to current challenges and what those answers are. Thirty-three leading experts critically examine to what extent federalism serves this purpose in compound states, looking at different countries and policies. The volume revolves around five sub-themes: ‘federalism, democracy and governance’, ‘participation mechanisms and procedures’, ‘policy areas compared’, ‘institutional innovation and participatory democracy’ and ‘federalism: from theory to governance’.

Fiscal Federalism 2022 Making Decentralisation Work

Fiscal Federalism 2022 Making Decentralisation Work
Author: OECD
Publisher: OECD Publishing
Total Pages: 290
Release: 2021-12-20
Genre:
ISBN: 9264912959

Fiscal Federalism 2022 surveys recent trends and policies in intergovernmental fiscal relations and subnational government. Accessible and easy-to-read chapters provide insight into: good practices in fiscal federalism; the design of fiscal equalisation systems; measuring subnational tax and spending autonomy; promoting public sector performance across levels of government; digitalisation challenges and opportunities; the role of subnational accounting and insolvency frameworks; funding and financing of local government public investment; and early lessons from the COVID-19 crisis for intergovernmental fiscal relations.

Fiscal Federalism and Regional Performance

Fiscal Federalism and Regional Performance
Author: Gabriel Di Bella
Publisher: International Monetary Fund
Total Pages: 23
Release: 2017-11-22
Genre: Business & Economics
ISBN: 1484330161

Sound regional policies are essential for balanced and sustained economic growth. The interaction of federal and regional policies with cross-regional structural differences affect human and physical capital formation, the business climate, private investment, market depth, and competition. This paper summarizes the main elements of Russia's fiscal federalism, describes the channels through which it operates, and assesses the effectiveness of regional transfers in reducing regional disparities. The results suggest that federal transfers to regions contributed to reducing disparities arising from heterogeneous regional tax bases and fiscal revenues. This allowed regions with initially lower per capita income to increase human and physical capital at higher rates. There is little evidence for transfers contributing to increased cross-regional growth synchronization. The results also suggest that federal transfers did not significantly improve regional fiscal sustainability, a conclusion that is supported by the lack of convergence in per capita real income across Russian regions in the last 15 years.