Calsamiglia, Xavier; Garcia-Milà, Teresa; McGuire, … - Department of Economics and Business, Universitat … - 2004
A notable difference between the U.S. and many countries in Europe is in the degree of fiscal decentralization. Regional (and local) governments in the U.S. have significant autonomy in setting their own taxes and determining how to spend their revenues. This is not true of their counterparts in...