Higher-Order Government Financing of Metropolitan Areas

Harry Kitchen (), Melville McMillan and Anwar Shah
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Harry Kitchen: Trent University

Chapter Chapter 14 in Local Public Finance and Economics, 2019, pp 471-503 from Springer

Abstract: Abstract This chapter provides a brief overview of grant financing practices across the world based upon a review of 41 metropolitan areas. It provides a typology of grant instruments and discusses their rationale and relevance for metro areas. It outlines stylized models of metropolitan governance and draws implications for the design of higher-level transfers. It also discusses implications of existing institutional arrangements for developing a grant strategy for metropolitan financing. It also provides a review of worldwide practices in grant financing of metro areas. The chapter highlights the divergence of the practice in grant financing from theory and draws lessons from grant financing of metropolitan areas and develops an agenda for reform.

Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-21986-4_14

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DOI: 10.1007/978-3-030-21986-4_14

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