English, Article, Journal or magazine article edition: On the states' behavior with equalization grants Diego Martínez-López

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Bookmark: http://trove.nla.gov.au/version/160452
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • On the states' behavior with equalization grants
Author
  • Diego Martínez-López
Physical Description
  • preprint
Notes
  • This paper discusses how the state government's behavior is affected when the so-called Representative Tax System (RTS) equalization scheme is implemented. In particular, we study the changes in the marginal cost of the public funds (MCPF), and in the first order conditions for the optimal provision of a public input. A reduction in the MCPF is to be expected when lump-sum grants are replaced by RTS equalization transfers. However, this result has to be qualified under certain assumptions. Also we find that there does not exist an unambiguous relationship between the degree of fiscal equalization and the marginal cost of providing the public input and the tax setting. Production efficiency condition in the provision of public inputs holds with both types of vertical transfers.
  • RePEc:cea:doctra:e2005_03
Language
  • English
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