Second Generation Fiscal Federalism: Political Aspects of Decentralization and Economic Development
"Second Generation Fiscal Federalism" is featured in a special issue of World Development that examines how decentralization affects governance, in particular how it might increase political competition, improve public accountability, reduce political instability, and impose incentive-compatible limits on government power, but also threaten fiscal sustainability.
About the Author
Barry R. Weingast
Professor, Department of Political Science