The Second-Generation Theory of Fiscal Federalism: A Critical Evaluation

The Second-Generation Theory of Fiscal Federalism: A Critical Evaluation

This paper evaluates the second-generation theory (SGT) of fiscal federalism. It spells out the main arguments of the theory and discusses the fiscal architecture of Nigerian federalism with a view to using the case study to work out the strengths and weaknesses of the theory. After arguing that the...

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Bibliographic Details
Main Author: Ejobowah John Boye
Format: Article
Language:English
Published: Centre for Studies on Federalism 2018-05-01
Series:Perspectives on Federalism
Subjects:
first generation theory of fiscal federalism (FGT)
second generation theory of fiscal federalism (SGT)
transfer payments
bailouts
subnational governments
central governments soft budget constraint (SBC)
hard budget constraint (HBC)
Online Access:http://www.degruyter.com/view/j/pof.2018.10.issue-1/pof-2018-0011/pof-2018-0011.xml?format=INT

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http://www.degruyter.com/view/j/pof.2018.10.issue-1/pof-2018-0011/pof-2018-0011.xml?format=INT

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