The history of intergovernmental grants in Britain has been characterized by dramatic changes in the grant distribution formula that some commentators have interpreted as a failure of the system to reach its objectives. In this work, the author presents a different interpretation by explaining how the different grant distribution formulae applied in the last decades characterizes the relationship between Central and local government. The book presents a unique approach to fiscal federalism and grant-in-aid since it takes explicit account of the asymmetry of the information problems that Central Government has to face. The history of grant-in-aid and the introduction of the community charge is then interpreted in the light of this problem.
Sprache
Verlagsort
Verlagsgruppe
Zielgruppe
Für höhere Schule und Studium
Für Beruf und Forschung
Illustrationen
Maße
Höhe: 157 mm
Breite: 222 mm
Gewicht
ISBN-13
978-1-85628-242-0 (9781856282420)
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Schweitzer Klassifikation
Fiscal federalism and grants in aid; asymmetry of information - a review of the literature; the theoretical model; an extension of the basic model; empirical estimates under linear budget constraint; intergovernmental grant - the history of an (un)avoidable failure?; conclusions.
