An Estimation of Intra-City Fiscal Transfers in Japan: Stealth Fiscal Transfers

Intergovernmental Fiscal Transfers: Some Lessons

Intergovernmental Fiscal Transfers in Asia 2 Intergovernmental Fiscal Transfers : Concepts , International Practice , and Policy Issues

There is a large conceptual and empirical literature on intergovernmental fiscal transfers. Drawing on this work and examples from various countries, we provide in this chapter a broad overview of the theory and practice of intergovernmental transfers, with particular focus on developing countries. We begin with a review of the main objectives of intergovernmental transfers and the criteria use...

Fiscal Transfers and Regional Economic Growth

In the aftermath of the financial crisis, with periphery countries in the European Union even more falling behind the core countries economically, there have been quests for various kind of fiscal policies in order to revert divergence. How these policies would unfold and perform comparatively is largely unknown. We analyze four such stylized policies in an agent-based macroeconomic model and s...

The Role and Challenges of Intergovernmental Fiscal Transfers in Asia

A. Introduction Intergovernmental fiscal transfers are an important tool of public sector finance in both industrialized and developing countries for three principal reasons. First, central governments have advantages over subnational governments in raising revenue from many types of particularly productive sources, while subnational governments have advantages in providing many types of public...

Fiscal Disparities and the Equalization Effects of Fiscal Transfers at the County Level in China

Using the fiscal datasets from 1993 to 2003 in China, this paper studies fiscal disparities and the equalization effects of fiscal transfers at the county level. The results indicate that there are huge fiscal disparities across regions, and this kind of inequality takes on a lasting upward trend. The persistence of fiscal inequality is very high, and also trends upward. Moreover, transfers fro...