THE ECONOMICS OF FISCAL DECENTRALIZATION
There is no complete overview or discussion of the literature of the economics of federalism and fiscal decentralization, even though scholarly interest in the topic has been increasing significantly over recent years. This paper provides a general, brief but comprehensive overview of the main insights from the literature on fiscal federalism and decentralization. In doing so, literature on fiscal federalism and decentralization is grouped into two main approaches: 'first generation approach' and 'an emerging second generation approach'. The discussion generally covers the two notions of fiscal decentralization: 'fiscal autonomy' and 'fiscal importance' of subnational governments as the background of the most recently developed index of fiscal decentralization in Vo. The relevance of this discussion to any further development of a fiscal decentralization index is briefly noted. Copyright © 2009 Blackwell Publishing Ltd.
Year of publication: |
2010
|
---|---|
Authors: | Vo, Duc Hong |
Published in: |
Journal of Economic Surveys. - Wiley Blackwell. - Vol. 24.2010, 4, p. 657-679
|
Publisher: |
Wiley Blackwell |
Saved in:
freely available
Saved in favorites
Similar items by person
-
Understanding the exchange rate pass-through to consumer prices in Vietnam : the SVAR approach
Vo, Anh The, (2019)
-
Measuring national intellectual capital : a novel approach
Vo, Duc Hong, (2021)
-
Intellectual capital and bank performance in Vietnam
Vo, Duc Hong, (2021)
- More ...