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Showing 1 to 1 of 1 for “"Horizontal fiscal equalization"”.
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The effects of horizontal fiscal equalization on the expenditures of local governments: the case of Seoul, Korea
The role of Fiscal Equalization (FE) transfers in economic development has been discussed extensively in studies of local/regional public finance. In a fiscally decentralized system, FE aims not just at reducing fiscal imbalance between jurisdictions, but also at enhancing productivity by leading …