Construct · 1 fields · 1 citations

second-generation fiscal federalism: a standalone construct

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Development economics

theory of fiscal decentralization that models politicians and officials as self-interested and stresses incentives, information and soft budget constraints.

In development economics, second-generation fiscal federalism refers to theory of fiscal decentralization that models politicians and officials as self-interested and stresses incentives, information and soft budget constraints. This meaning comes from Oates (2005) in International Tax and Public Finance.[1]

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Nearby constructs

development1 fields · 2 citationsanchor · a standalone construct federalism1 fields · 1 citationsanchor · a standalone construct fiscal decentralization1 fields · 1 citationsanchor · a standalone construct

References

Oates, W. E. (2005). Toward A Second-Generation Theory of Fiscal Federalism. International Tax and Public Finance, 12(4), 349-373. https://doi.org/10.1007/s10797-005-1619-9

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