July 2004
Intermediate to advanced
1082 pages
39h 18m
English
Content preview from Handbook of Regional and Urban Economics
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Chapter 55
Fiscal Decentralization
Dennis Epple 1 Carnegie Mellon University, USA.
1. Also affiliated with NBER.
Thomas Nechyba Duke University, USA. Duke University. USA
JEL classification: H1, H7, R1, R3, R5
Abstract
Fiscal decentralization is on the rise worldwide while barriers to factor and population mobility are declining. Greater decentralized government activity is therefore taking place in an economic environment characterized by increased competition for mobile resources, and government policy within this environment is increasingly cognizant of profound implications this combination of decentralization and mobility may have on political and economic outcomes. As these trends have become important, the academic literature ...