An Essay on Fiscal Federalism
Oates, WallaceE. 1999. "An Essay on Fiscal Federalism."
Journal of Economic Literature,
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.
Article Full-Text Access
Oates, Wallace E. (U MD and Resources for the Future)
H77: Intergovernmental Relations; Federalism; Secession