Horizontal Fiscal Imbalance In The United States

Kowalik Paweł ()
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Kowalik Paweł: Wrocław University of Economics, Faculty of Management, Information Systems and Finance, Department of Public and International Finance, Komandorska 118/120, 53-345 Wrocław, Poland

Folia Oeconomica Stetinensia, 2014, vol. 14, issue 2, 140-151

Abstract: Regional inequalities are currently a challenge for the majority of countries, in particular large ones, certain of which are federations. The federal state system is more complex than the unitary system. This results in specific problems. One of them is the issue of differing level of economic development of individual territorial units, whereby the problem of income redistribution emerges. The difference between income and expenses results in the formation of fiscal gaps, both horizontal and vertical ones. The aim of the paper is to present the measures applied for measuring the horizontal fiscal imbalance. It is also the starting point for conducting measurements of those imbalances in the USA based on the presented measures. The paper presents the measures applied in the literature for the purposes of measuring horizontal fiscal imbalance. In addition, the measurement of those imbalances in the USA are presented.

Keywords: fiscal imbalance; fiscal gap; measures of horizontal fiscal imbalance; convergence; intergovernmental relations; USA (search for similar items in EconPapers)
JEL-codes: H73 H77 O11 O18 O47 R12 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:foeste:v:14:y:2014:i:2:p:140-151:n:13

DOI: 10.1515/foli-2015-0013

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