Theory of Public Finance in a Federal State
Book Details
Format
Paperback / Softback
ISBN-10
0521026873
ISBN-13
9780521026871
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Nov 2nd, 2006
Print length
228 Pages
Weight
350 grams
Dimensions
22.80 x 15.20 x 1.50 cms
Ksh 8,450.00
Manufactured on Demand
0 in stock
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Giving a new answer to an old question, this book 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.
The central question of this book is whether the assignment of government functions to the individual jurisdictions in a federal state can ensure an optimal allocation of resources and a fair income distribution. The analysis thereby 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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