Fiscal Federalism And State Local Finance

Author : Jørn Rattsø
Publisher : Edward Elgar Publishing
Page : 448 pages
File Size : 43,7 Mb
Release : 1998
Category : Business & Economics
ISBN : UCSC:32106014243049

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Fiscal Federalism and State-local Finance by Jørn Rattsø Pdf

Reprints 23 carefully selected articles intended to provide a balanced view of the Scandinavian model of local financing, including perspectives from four of the five Nordic countries, leaving out Iceland's unique design. They cover style, reform, and performance; demand; political institutions; cost and control; and theory. Among the specific topics are reforming a centralized system of local public finance in Norway, local public expenditure in Sweden as a model in which the median voter is not necessarily decisive, real and perceived effects of changing the grant system from specific to general grants, a hedonic cost approach to cost efficiency in providing child care services, and the behavior of bureaucrats and the choice between single-purpose and multi-purpose authorities. Most of the studies consider Norway, reflecting the much greater research into the subject in that country. No subject index. Annotation copyrighted by Book News, Inc., Portland, OR

Author : Johnson, Craig L.,Luby, Martin J.,Moldogaziev, Tima T.
Publisher : Edward Elgar Publishing
Page : 320 pages
File Size : 45,8 Mb
Release : 2021-11-09
Category : Business & Economics
ISBN : 9781800370937

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State and Local Financial Instruments by Johnson, Craig L.,Luby, Martin J.,Moldogaziev, Tima T. Pdf

The ability of a nation to finance its basic infrastructure is essential to its economic well-being in the 21st century. This second edition of State and Local Financial Instruments covers the municipal securities market in the United States from the perspective of its primary capital financing role in a fiscal federalist system, where subnational governments are responsible for financing the nationÕs essential physical infrastructure.

Author : Craig L. Johnson,Martin J. Luby,Tima T. Moldogaziev
Publisher : Edward Elgar Publishing
Page : 283 pages
File Size : 49,6 Mb
Release : 2014-09-26
Category : Business & Economics
ISBN : 9781783476176

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State and Local Financial Instruments by Craig L. Johnson,Martin J. Luby,Tima T. Moldogaziev Pdf

The ability of a nation to finance its basic infrastructure is essential to its economic well-being in the 21st century. This book covers the municipal securities market in the United States from the perspective of its primary capital financing role in

Author : Nuria Bosch,José M. Durán
Publisher : Edward Elgar Publishing
Page : 279 pages
File Size : 52,5 Mb
Release : 2008-01-01
Category : Political Science
ISBN : 9781848442719

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Fiscal Federalism and Political Decentralization by Nuria Bosch,José M. Durán Pdf

This highly original book analyzes political decentralization and fiscal federalism in Canada and Germany, both traditional federal countries, and in Spain, a unitarian country engaged in the last two decades in a process of decentralization. The three key issues required for a well designed financing system are analyzed in depth herein, namely: tax assignment, equalization grants (i.e. redistribution of money from the wealthy regions or the national government to poorer regions) and the role of regional government in the administration of taxes. Fiscal Federalism and Political Decentralization will be of particular interest to academics and researchers of economics, public economics, public finance and public choice. It will also appeal to politicians and policy makers as well as organizations and agencies related to the economy and fiscal federalism.

Author : Roy Bahl,Richard M. Bird
Publisher : Edward Elgar Publishing
Page : 512 pages
File Size : 45,8 Mb
Release : 2018-03-30
Category : Business & Economics
ISBN : 9781786435309

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Fiscal Decentralization and Local Finance in Developing Countries by Roy Bahl,Richard M. Bird Pdf

This book draws on experiences in developing countries to bridge the gap between the conventional textbook treatment of fiscal decentralization and the actual practice of subnational government finance. The extensive literature about the theory and practice is surveyed and longstanding problems and new questions are addressed. It focuses on the key choices that must be made in decentralizing, on how economic and political factors shape the choices that countries make, and on how, by paying more attention to the need for a more comprehensive approach and the critical connections between different components of decentralization reform, everyone involved might get more for their money.

Author : Robin Boadway,Anwar Shah
Publisher : Cambridge University Press
Page : 629 pages
File Size : 43,8 Mb
Release : 2009-05-11
Category : Political Science
ISBN : 9781139477666

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Fiscal Federalism by Robin Boadway,Anwar Shah Pdf

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.

Author : Mrs.Teresa Ter-Minassian
Publisher : International Monetary Fund
Page : 1146 pages
File Size : 51,9 Mb
Release : 1997-09-10
Category : Business & Economics
ISBN : 1557756635

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Fiscal Federalism in Theory and Practice by Mrs.Teresa Ter-Minassian Pdf

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.

Author : Roy W. Bahl,Paul J. Smoke
Publisher : Edward Elgar Publishing
Page : 326 pages
File Size : 50,6 Mb
Release : 2003-01-01
Category : Political Science
ISBN : 1781957371

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Restructuring Local Government Finance in Developing Countries by Roy W. Bahl,Paul J. Smoke Pdf

Examining cutting-edge issues of international relevance in the ongoing redesign of the South African local government fiscal system, the contributors to this volume analyze the major changes that have taken place since the demise of apartheid. The 1996 Constitution and subsequent legislation dramatically redefined the public sector, mandating the development of democratic local governments empowered to provide a wide variety of key public services. However, the definition and implementation of new local functions and the supporting democratic decision-making and managerial capabilities are emerging more slowly than expected.

Author : Anwar M. Shah
Publisher : World Bank Publications
Page : 360 pages
File Size : 45,7 Mb
Release : 2008-06-20
Category : Political Science
ISBN : 0821363271

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Macro Federalism and Local Finance by Anwar M. Shah Pdf

The design of a federal system to deal with growth, stabilization, and regional and local development issues is the primary concern of this volume, edited by Anwar Shah. The book provides analytical tools to address issues arising from globalization, localization, and regional integration. It discusses tax harmonization issues associated with subnational value added tax administration. It provides a framework for fiscal discipline in a federal system. Lessons from international experiences from policies to deal with lagging regions are drawn. The book empirically examines the effect of fiscal decentralization on the overall size of the public sector. Finally, it draws lessons from industrial countries' experiences on local governance. This important new series represents a response to several independent evaluations in recent years that have argued that development practitioners and policy makers dealing with public sector reforms in developing countries and, indeed, anyone with a concern for effective public governance could benefit from a synthesis of newer perspectives on public sector reforms. This series distills current wisdom and presents tools of analysis for improving the efficiency, equity, and efficacy of the public sector. Leading public policy experts and practitioners have contributed to the series.

Author : Per Molander
Publisher : Springer Science & Business Media
Page : 189 pages
File Size : 52,5 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9781461505037

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Fiscal Federalism in Unitary States by Per Molander Pdf

Decentralism of political power to regions and local government occurs worldwide in response to demands from the periphery. Such devolution of power raises a number of problems - political, financial, and legal. By gathering together important papers from a series of workshops sponsored by the SNS Constitutional Project and the Center for European Integration Studies, this volume presents a number of these problems from a truly interdisciplinary perspective. The authors believe that fiscal federalism, while originating in formally federal states, is relevant also to the analysis of state-local relationships in unitary states with some degree of regional or local authority. Among the topics they cover are the division of responsibilities and powers of taxation, bailouts, systems of equalization, and state grants, as well as problems related to democracy and citizens' rights. While the book's primary focus is Nordic, its international perspective is enhanced by contributions from Europe, Canada, and the U.S.

Author : Robert D. Ebel,John E. Petersen
Publisher : Oxford University Press
Page : 1056 pages
File Size : 49,9 Mb
Release : 2012-03-21
Category : Business & Economics
ISBN : 9780199938315

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The Oxford Handbook of State and Local Government Finance by Robert D. Ebel,John E. Petersen Pdf

State and local government fiscal systems have increasingly become vulnerable to economic changes. Over the past three decades, state and local deficits during economic recession have been larger and deeper each time. The impact of the Great Recession and its aftermath of feeble growth and lingering high unemployment has been dramatic both in scope and intensity. Before the crisis, long-term structural deficits were persistent for both individual governments and the entire sector as spending plans and patterns outpaced governments' revenue-generating capacity. The revenue systems of these governments eroded while the workloads and scope on the expenditure side of the state and local system budget continued to grow. This handbook evaluates the persistent problems in the fiscal systems of state and local governments and what can be done to solve them. It contains 35 chapters authored by 60 practitioners and academics who are renowned scholars in state and local finance. Each chapter provides a description of the discipline area, examines major developments in policy, practices and research, and opines on future prospects. The chapters are divided into four sections. Section I is a systematic discussion of the institutional, economic, and political framework that provides a background for understanding the structure and financial performance of the state and local sector. The chapters in Section II provide an overview of the various components of state and local revenue systems and how they reacted to the Great Recession. They analyze the diverse forms of taxes and charges in detail, prescribe remedies and alternatives, and examine the implications for future revenue performance. Chapters in Section III turn to spending, borrowing and financial management in the state and local sector. The focus is on the big six service delivery sectors: education, health care, human services, transportation, pensions, and housing. Section IV is a set of chapters that look ahead and speculate about how the state and local government sector's money-raising, spending, and service delivery structures will adjust to the new circumstances.

Author : J. Richard Aronson,John L. Hilley
Publisher : Brookings Institution Press
Page : 298 pages
File Size : 48,6 Mb
Release : 2010-12-01
Category : Business & Economics
ISBN : 0815716273

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Financing State and Local Governments by J. Richard Aronson,John L. Hilley Pdf

State and local governments are at a financial crossroads. As the federal government attempts to reduce its deficits, state governments will have to provide a greater share of support for mandatory social programs. Local governments face demands for new initiatives in education and for civic improvements. Both have obligations to employee pension plans that are large and still relatively untested. Running counter to these claims on state and local budgets is a voter effort to limit the amounts that governments may tax or spend. This fourth edition of James A. Maxwell's classic and widely acclaimed book will help both layman and lawmaker understand the choices open to their governments. It provides a lucid, nontechnical analysis of state and local finance. It gives concise descriptions of the taxes, grants, debt issues, and user charges that finance state and local government and discusses their relative virtues and drawbacks. It traces the history of state and local finance and presents statistical data on expenditures, federal aid, revenue from taxes and user charges, debt, and pension funds. The new edition, in recognition of changes since the mid-1970s, also includes a separate chapter on financing education and broadened analyses of federal grant programs, employee retirement systems, and nonguaranteed municipal debt.

Author : Nuria Bosch,Marta Espasa
Publisher : Edward Elgar Publishing
Page : 429 pages
File Size : 55,9 Mb
Release : 2010-01-01
Category : Business & Economics
ISBN : 9781849803236

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The Political Economy of Inter-regional Fiscal Flows by Nuria Bosch,Marta Espasa Pdf

Struggles over what a region receives, or should receive, from the budget of the central government are common to many countries. Discussions often focus on the measures of net fiscal flows or fiscal balances provided by the government or other actors. This unique book shows just how these flows are computed then interpreted and clarifies the often misunderstood economic and political motives that explain why some regions receive more monies than others. The Political Economy of Inter-Regional Fiscal Flows provides an overview of the main methods currently being used to measure fiscal flows , highlighting the advantages of the different approaches and interpreting their results. The book reviews the political economy literature that analyses the determinants of inter-regional fiscal flows . Particular attention is devoted to the relationship between fiscal flows and country stability, with methodological contributions and country studies both focusing on this issue. The contributing economists and political scientists provide a state-of-the-art study that will prove to be of great use to academics and practitioners in public sector economics and finance.

Author : Hathaway, Alex,Martinez-Vazquez, Jorge,Thayer, Chris
Publisher : Edward Elgar Publishing
Page : 384 pages
File Size : 46,5 Mb
Release : 2021-12-14
Category : Business & Economics
ISBN : 9781800886414

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Tools for State and Local Fiscal Management by Hathaway, Alex,Martinez-Vazquez, Jorge,Thayer, Chris Pdf

Governments have always endured economic woes, but the increasing severity of such challenges, from the Great Recession starting in 2008 to the unprecedented impact of the COVID-19 pandemic, highlights the need for better-developed fiscal analysis capacity in governments of all sizes using the most practical—yet robust—techniques available. This volume presents an array of real-world analytical approaches in a variety of service areas at the core of state and local government.

Author : United States. Advisory Commission on Intergovernmental Relations
Publisher : Unknown
Page : 348 pages
File Size : 48,5 Mb
Release : 1974
Category : Finance, Public
ISBN : MSU:31293500277565

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Federal-state-local Finances: Significant Features of Fiscal Federalism by United States. Advisory Commission on Intergovernmental Relations Pdf