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Journal of Economic Perspectives: Vol. 11 No. 4 (Fall 1997)
JEP Volume. 11, Issue 4 | 
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Devolution, Grants, and Fiscal Competition
Article Citation
Musgrave, Richard A. 1997. "Devolution, Grants, and Fiscal Competition."
Journal of Economic Perspectives,
11(4): 65-72.
DOI: 10.1257/jep.11.4.65
DOI: 10.1257/jep.11.4.65
Abstract
Following half a century of fiscal activism and federal leadership, the call now is for downsizing the federal budget and a devolution of fiscal responsibilities to states and localities. The call for "federalism," meant to secure a stronger center in James Madison's time, now seeks to decentralize. This paper outlines the main features of fiscal federalism as I see them, sketching a vision which differs in major respects from that offered by the lead paper in this symposium. First I highlight the role of distribution, which I see as a central function. Then, I focus attention on grants-in-aid and their role in the federal system. Finally I consider competition, cooperation, and coordination between jurisdictions.
Article Full-Text Access
Full-text Article (Complimentary)
Authors
Musgrave, Richard A. (Harvard U and U CA, Santa Cruz)
JEL Classifications
H11: Structure, Scope, and Performance of Government
H77: Intergovernmental Relations; Federalism; Secession
H77: Intergovernmental Relations; Federalism; Secession
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