Finance and Economics Discussion Series: Taxation with Representation: Intergovernmental Grants in a Plebiscite Democracy by Byron F. Lutz

Finance and Economics Discussion Series: Taxation with Representation: Intergovernmental Grants in a Plebiscite Democracy

Byron F. Lutz

62 pages • missing pub info (editions)

nonfiction politics
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Economic theory predicts that unconditional intergovernmental grant income and private income are perfectly fungible. Despite this prediction, the literature on fiscal federalism documents that grant and private income are empirically non-equivale...

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