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This article examines the nature of India's federal system, and recent and potential reforms in its structure and working. We summarize key federal institutions in India, focusing particularly on the mechanisms for Center-state transfers. These transfers are large, and are the major explicit...
Persistent link: https://www.econbiz.de/10011520548
; federalism ; regional inequalities …
Persistent link: https://www.econbiz.de/10003855408
This paper analyzes whether changes in the timing of equalizing transfers to state governments necessitate an adjustment in federal corrective policy. According to the existing literature (assuming an ex-ante choice of transfers), the corrective grant is equal to the marginal damage/benefit...
Persistent link: https://www.econbiz.de/10012779700
The 73rd and 74th Amendments in 1992 to India's Constitution resulted in the establishment of the third-tier of government comprising of urban local bodies (ULBs) and Panchayati Raj Institutions (PRIs). The amendments mandated the establishment of the State Finance Commissions (SFCs) at every...
Persistent link: https://www.econbiz.de/10012985348
This Article constructs frameworks for analyzing federalism's undertheorized horizontal dimension. Discussions of … federalism generally focus on the hierarchical (or vertical) allocation of power between the national and state governments while … on state citizenship. This Article moves beyond the piecemeal approach by identifying facets of horizontal federalism …
Persistent link: https://www.econbiz.de/10014214954
present time has to be federally flexible and dynamically decentralised and institutions of fiscal federalism are crucial for … federalism if it is to be successful, irrespective of the fact of whether it is being carried out in a federal or non …
Persistent link: https://www.econbiz.de/10014054503
Persistent link: https://www.econbiz.de/10014251187
There is a large, but yet growing debate about the need to complement the European monetary union with a stronger fiscal union. This paper reviews the potential trade-offs between effectiveness, moral hazard problems, and permanent redistribution. In particular, we contribute to the question of...
Persistent link: https://www.econbiz.de/10011317737
Should a subset of member states of a federation be allowed to form a sub-union on some policy issue? When centralization is not politically feasible, allowing an enhanced cooperation agreement among a subset of countries permits the latter to gain benefits which would otherwise be lost....
Persistent link: https://www.econbiz.de/10011508107
governments and, thereby, enable a more precise characterization of local government behaviour in fiscal federalism …
Persistent link: https://www.econbiz.de/10012770444