On the Development of the Theory of Fiscal Federalism: An Essay in the History of (Recent) Economic Thought

Author:
Wallace E. Oates Distinguished University Professor of Economics, Emeritus, University of Maryland- USA

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Article Category:
Research Article
Copyright:
© AESP 2011
Online Publication Date:
01 Apr 2011
Pages:
3–24
Publisher:
Bristol University Press
Volume/Issue:
Volume 29: Issue 1-3
DOI:
https://doi.org/10.1332/251569211X15665367493599
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This paper explores the origins and evolution of the theory of fiscal federalism. A relatively recent sub-field of public finance, fiscal federalism addresses the economics of multilevel government including the economic roles of different levels of government and the fiscal instruments they employ. Its evolution has been influenced both by some real-world financial crises and by the application of new analytical approaches in the discipline of economics.

Wallace E. Oates Distinguished University Professor of Economics, Emeritus, University of Maryland- USA

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E-mail: oates@econ.umd.edu; fax.: + 301 4053542 tel.: + 301 4053496.

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Cover Journal of Public Finance and Public Choice
Journal of Public Finance and Public Choice
Keywords:
Fiscal federalism; H1; H7; B2