Fiscal Federalism in Theory and Practice [electronic resource] / Teresa Ter-Minassian.
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TextPublication details: Washington, D.C. : International Monetary Fund, 1997Description: 1 online resource (723 p.)ISBN: 1557756635 :Subject(s): Intergovernmental Fiscal Relations | Local Governments | Tax Administration | Tax Revenue | Taxation | Australia | Bulgaria | Canada | Japan | United StatesAdditional physical formats: Print Version:: Fiscal Federalism in Theory and PracticeOnline resources: IMF e-Library | IMF Book Store Abstract: 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.
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.
Description based on print version record.
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