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Effective Federalism and Local Finance

Ehtisham Ahmad and Giorgio Brosio

Fiscal federalism has been the subject of much scholarly debate over the years. This research review successfully bring together seminal articles from the past fifty years to demonstrate how the focus has evolved from ‘first generation’ to ‘second generation’ theories of intergovermental relations. The editors enhance the collection with detailed analyses of how competition affects relations between varying levels of government, and examine the hypotheses underlying the theory of fiscal federalism. This set of authoritative papers will be an indispensable reference source for scholars and practitioners in this field.

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