The distinct characteristic in James Buchanan’s thinking about federalism in contrast to the traditional theory of … fiscal federalism is his view about fiscal competition. In this paper, it is demonstrated that this thinking went through … federalism literature and concerned with equity and efficiency issues. In the Leviathan approach starting from the midseventies …

designated as “Bayanihan Federalism”, has spurred vigorous debate, with much discussion focusing on the fiscal repercussions of …-sharing mechanisms of the Bayanihan Federalism draft, and the likely political acceptability levels of adopting them among existing local … trade-offs embedded in the revenue-sharing and functional assignment proposals of Bayanihan Federalism — especially when …