The Effect of Fiscal Decentralization on the Financial Condition of Municipal Government

This study examines the effect of fiscal decentralization between states and their local governments on the financial condition of municipal governments. There are strong theoretical arguments on both sides of the federalism debate about the benefits for and against decentralization. Most of the res...

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Bibliographic Details
Published in:International journal of public administration 2015-05, Vol.38 (6), p.453-460
Main Author: Stone, Samuel B.
Format: Article
Language:English
Subjects:
Cities
Decentralization
Economic models
Federalism
financial condition
fiscal decentralization
Fiscal federalism
Government spending
Local government
Municipal government
Public finance
Social welfare
Studies
Urban government
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Summary:This study examines the effect of fiscal decentralization between states and their local governments on the financial condition of municipal governments. There are strong theoretical arguments on both sides of the federalism debate about the benefits for and against decentralization. Most of the research in this area investigates economic and social welfare consequences of fiscal decentralization. There is limited research, however, on the effects of fiscal decentralization on the financial health of local governments. Using data from the nation's 150 largest cities, this study finds that intrastate fiscal decentralization results in weaker financial condition for municipalities in those states.
ISSN:0190-0692
1532-4265
DOI:10.1080/01900692.2014.949740