Intergovernmental Fiscal Transfers and the Environment

Surender Kumar and Shunsuke Managi

Chapter Chapter 4 in The Economics of Sustainable Development, 2009, pp 65-81 from Springer

Abstract: Abstract Provision of environmental services involves spatial externalities. The costs of provision are borne at the level of provision, but the benefits are realized on a larger scale. Mismatch between the decision-making responsibilities and costs and benefits has been considered a cause for the underprovision of the services. Perrings and Gadgil (2003) suggest a number of measures to patch up the local costs and global benefits of biodiversity conservation. Intergovernmental fiscal transfers are an important instrument for internalizing the spatial externalities (Breton, 1965; Olson, 1969).

Keywords: Environmental Service; Local Body; Fiscal Equalization; Spatial Externality; Fiscal Transfer (search for similar items in EconPapers)
Date: 2009
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DOI: 10.1007/978-0-387-98176-5_4

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