ENGLISH

Theory of Public Finance in a Federal State

By Dietmar Wellisch

Book information

Publisher
Cambridge University Press
Year
2004
ISBN
0521630355, 9780521630351, 0511015879
Open Library ID
OL7749368M
Language
english
Format
PDF
Filesize
3 MB (2622978 bytes)
Edition
1
Pages
225\225
Topic
Economy
Library
avaxhome.ws
Time added
2010-05-31 15:29:46

Description

This book gives a new answer to the old question about the optimal degree of fiscal decentralization in a federal state. It shows that fiscal decentralization is a method to disclose the preferences of currently living and future generations for local public goods, to limit the size of the government, and to avoid excessive public debt finance. While the allocative branch of the government benefits from fiscal decentralization, it is difficult to obtain a distribution of incomes that differs from the outcome that the market brings along.

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