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We analyze the strategic interaction of regional and federal governments using a model that includes fiscal externalities in the form of inter-regional capital tax competition and technical externalities in the form of inter-regional spillovers. The federal government aims to correct for these...
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pt. 1. Approaches to fiscal federalism -- pt. 2. Decentralization and development -- pt. 3. Implementing multilevel … "fiscal federalism", providing a review of the latest literature as well as an invaluable guide for practitioners and policy …
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