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Musgravian externalities, formulated and illustrated by Musgrave in a 1966 paper on social goods are seen in this paper as one form of the interactions that occur between the components of a federation. The original formal apparatus is first exposed briefly. In that context, it is then...
Persistent link: https://www.econbiz.de/10011409762
Employing a political-economics approach, this paper compares small states and unions when the former fail to internalize cross-border externalities of publicly provided goods. It discusses two types of unions: federations with more than one level of government and unitary states. While unitary...
Persistent link: https://www.econbiz.de/10011409985
centralization that will be adopted, and that asymmetric forms of federalism are often consequences of ongoing negotiations between … convention. In each case, an asymmetric form of federalism is the predicted outcome, although the degree of asymmetry differs …
Persistent link: https://www.econbiz.de/10012767327
"Musgravian" externalities, formulated and illustrated by Musgrave in a 1966 paper on "social goods" are seen in this paper as one form of the interactions that occur between the components of a federation. The original formal apparatus is first exposed briefly. In that context, it is then...
Persistent link: https://www.econbiz.de/10013320544
One of the newer suggestions for the design of public economic units refers to Functional Overlapping Competing Jurisdictions (FOCJs), which are instruments to shape cooperation of jurisdictions, e.g. municipalities.The study clarifies important types of FOCJ. It concentrates on FOCJs where the...
Persistent link: https://www.econbiz.de/10012946375
Andhra Pradesh is one of the pioneering States to earnestly initiate economic and fiscal reform at the Subnational level in India. Prior to the 1996 reform program, the State's budgetary position was under severe stress as in many States in India. The economic growth was below potential,...
Persistent link: https://www.econbiz.de/10014128852
paper compares three regimes (centralization, decentralization and federalism) in an economy where individuals choose their … move from decentralization to federalism, called moral federalism, is welfare improving behind the veil of ignorance if and … only if centralization dominates decentralization, and (ii) for the group that favors a restrictive policy moral federalism …
Persistent link: https://www.econbiz.de/10011450084
This paper analyzes the process of reform of India's federal system, with a focus on fiscal federalism. We first …
Persistent link: https://www.econbiz.de/10010322727
The German version of federalism, often called 'cooperative federalism', has been identified by many as one of the root … and evaluates them from the point of view of fiscal federalism. It concludes that the changes are only a first step in the …
Persistent link: https://www.econbiz.de/10012779636
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