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An Essay on Fiscal Federalism

1999/09/01 by Wallace E Oates, Wallace E. Oates · 41 citations
Economics, Econometrics and Finance · Social Sciences · #Fiscal Policy and Economic Growth #Local Government Finance and Decentralization #Gender, Labor, and Family Dynamics

paper · doi:10.1257/jel.37.3.1120

Abstract

This paper is a selective survey of fiscal federalism. It begins with a brief review and some reflections on the traditional theory of fiscal federalism: the assignment of functions to levels of government, the welfare gains from fiscal decentralization, and the use of fiscal instruments. It then explores a series of important topics that are the subject of current research: laboratory federalism, interjurisdictional competition and environmental federalism, the political economy of fiscal federalism, market-preserving federalism, and fiscal decentralization in the developing and transitional economies.

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