WebJun 1, 2010 · Over two decades ago in an empirical study of fiscal federalism (Oates, 1972), I found, for a sample of 58 countries, that measures of fiscal centralization were significantly and negatively correlated with levels of per capita real income. WebFiscal Federalism WALLACE E. OATES [email protected] Department of Economics, University of Maryland, College Park, MD 20782, USA Abstract Drawing on a wide range …
On The Evolution of Fiscal Federalism: Theory and Institutions
WebStudies in Fiscal Federalism. Economic theorists and finance practitioners alike turn to the seminal work of Wallace E. Oates for a systematic statement of the economic principles … Websetting ‘A Second-Generation Theory of Fiscal Federalism’ (Oates, 2005). Under political economy model, the observed tax assignment in a federation is the outcome of a bargaining between different levels of government to raise their respective share of taxing powers. can echo auto connect to multiple phones
An Economic Theory of Fiscal Decentralization
WebWallace Oates was a Distinguished University Professor Emeritus at the University of Maryland and a University Fellow at Resources for the Future. He received his PhD in … WebApr 18, 2024 · In 2008, public finance economist Wallace Oates suggested a revised theory for fiscal federalism. 2 Oates observed that while lower levels of government (states or municipalities) may have explicit rules against running budget deficits or amassing unsupportable levels of debt, they often ignore these restrictions under the hope and … WebThis paper examines the background to calls for further fiscal decentralisation in Scotland in the light of theories of fiscal federalism. In particular, it examines whether spatial differences in preferences, which are central to ‘first generation’ theories of fiscal federalism can be argued to play a central role in the case for granting Scotland further … fisker electric car pear