Overview
- Editors:
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Jorge Martinez-Vazquez
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Department of Economics, Andrew Young School of Policy Studies, Georgia State University, Atlanta, USA
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Bob Searle
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Consultant on Fiscal Decentralization, Formerly the Commonwealth Grants Commission, Australian Government, Australia
Offers academics and practitioners a thorough, thematic assessment of unresolved issues in the design of equalization grants
Experts from across the globe address institutions, designs, methods, and processes
Includes supplementary material: sn.pub/extras
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Table of contents (20 chapters)
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Introduction
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- Jorge Martinez-Vazquez, Bob Searle
Pages 3-10
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The Nature of Equalization - Objectives and Consequences
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- Jeffrey D. Petchey, Sophia Levtchenkova
Pages 13-30
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- Bert Hofman, Susana Cordeiro Guerra
Pages 31-59
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- Catherine Hull, Bob Searle
Pages 61-93
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- Alex B. Brillantes Jr., Jose O. Tiu Sonco II
Pages 95-128
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The Institutional Setting
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Front Matter
Pages 139-139
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Challenges in Implementing Equalizaton
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Front Matter
Pages 257-257
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- Richard Bird, François Vaillancourt
Pages 259-289
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- Jameson Boex, Jorge Martinez-Vazquez
Pages 291-343
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- Sophia Levtchenkova, Jeffrey D. Petchey
Pages 345-362
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The Relationship of Equalization to Other Policies
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Front Matter
Pages 369-369
About this book
Each endogenous variable in the model is a function of the exogenous For later discussion, it is useful to explore this in variables and parameters. more detail for one of the endogenous variables, for example the grant to State i. In this regard, one can define from (6) the per capita grant to a State as where F = [s N] is a vector of variables determined by the federal government, P = [p, p,] is a vector of the local public good prices, CGC = [I, pi c] is a vector of variables determined by the CGC and S = lq, q,] is the strategy set of the two States. Within F, the variable s is determined by the federal government. The total federal population N is determined by things such as the birth and death rate, but also by international migration and hence, to some extent, the population policy of the federal government. Within the vector CGC, the variables yi , pi, c are all determined by the CGC, while the public good provision levels within S are determined by the States. As discussed below, we assume that each State perceives s, N, public good prices and the CGC variables (except the adjustment term c) to be exogenously given. This is reasonable since in practice the States have no impact on s and only a marginal impact on the CGC variables.
Editors and Affiliations
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Department of Economics, Andrew Young School of Policy Studies, Georgia State University, Atlanta, USA
Jorge Martinez-Vazquez
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Consultant on Fiscal Decentralization, Formerly the Commonwealth Grants Commission, Australian Government, Australia
Bob Searle