Macro Federalism and Local Finance
Anwar M. Shah
World Bank Publications, Jun 20, 2008 - Political Science - 360 pages
The design of a federal system to deal with growth, stabilization, and regional and local development issues is the primary concern of this volume, edited by Anwar Shah. The book provides analytical tools to address issues arising from globalization, localization, and regional integration. It discusses tax harmonization issues associated with subnational value added tax administration. It provides a framework for fiscal discipline in a federal system. Lessons from international experiences from policies to deal with lagging regions are drawn. The book empirically examines the effect of fiscal decentralization on the overall size of the public sector. Finally, it draws lessons from industrial countries' experiences on local governance. This important new series represents a response to several independent evaluations in recent years that have argued that development practitioners and policy makers dealing with public sector reforms in developing countries and, indeed, anyone with a concern for effective public governance could benefit from a synthesis of newer perspectives on public sector reforms. This series distills current wisdom and presents tools of analysis for improving the efficiency, equity, and efficacy of the public sector. Leading public policy experts and practitioners have contributed to the series.
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accountability annex 4B Australia authority average based on sources Brazil budget calculations based Canada Canadian capita GRDP capital central bank central government chapter citizens coefficient of variation constitutional convergence Courchene deficits developing countries European Union example expenditures federal countries federal government federal systems finance fiscal decentralization fiscal federalism fiscal policy fiscal rules fiscal systems framework Germany Gini index globalization incentives income tax India Indonesia industrial countries information revolution infrastructure institutions integration internal economic union legislation levels of government listed in annex macro federalism macroeconomic mature federations Medium Medium ments municipal nation-states percent of GDP political property taxes provinces public sector reforms Regional Disparity Trends regional inequality responsibilities role sales tax share sources listed structure subnational borrowing subnational governments tax revenue Theil index tion trade transfers unitary countries United Kingdom unweighted value added tax wages weighted CV weighted Gini index World Bank
Page xxii - GATT General Agreement on Tariffs and Trade GDP gross domestic product GN'P gross national product...
Page xi - ... society, such as women, children, and minorities. In dealing with these concerns, the development assistance community in general and the World Bank in particular are continuously striving to learn lessons from practices around the world to achieve a better understanding of what works and what does not work in improving public sector governance, especially with respect to combating corruption and making services work for poor people.
Page 156 - Significant at the 5 percent level. * * * Significant at the 1 percent level.
Page 51 - Canada is directed by statute to "regulate credit and currency in the best interests of the economic life of the nation, to control and protect the external value of the national monetary unit and to mitigate by its influences fluctuations in the general level of production, trade, prices and employment, so far as may be possible within the scope of monetary action, and generally to promote the economic and financial welfare of the Dominion.
Page 51 - Committee shall maintain long run growth of the monetary and credit aggregates commensurate with the economy's long run potential to increase production so as to promote effectively the goals of maximum employment, stable prices and moderate longterm interest rates.
Page 71 - ... levels. Federalism is also and perhaps primarily the process of federalizing a political community, that is to say, the process by which a number of separate political communities enter into arrangements for working out solutions...
Page 79 - The argument put forward is that the impersonal forces of world markets, integrated over the postwar period more by private enterprise in finance, industry and trade than by the cooperative decisions of governments, are now more powerful than the states to whom ultimate political authority over society and economy is supposed to belong.
Page 211 - Any other matter not enumerated in List II or List III including any tax not mentioned in either of those Lists.