An Assessment of the Fiscal Features of the PDP Laban Model of Philippine Federalism 1.0 and the Gonzales-De Vera Federal Model

Rosario G. Manasan

Working Papers from eSocialSciences

Abstract: The paper highlights the importance of the design of the fiscal features of the federal system of government in ensuring that the potential benefits from its adoption are realized. The economic literature on fiscal federalism posits a framework that delineates the potential benefits that ensues from the adoption of a federal system of government and expounds on the principles that can guide the design of the elements of the fiscal architecture to support the achievement of said benefits.

Keywords: Decentralization; expenditure assignment; equalization transfers; federal government; fiscal autonomy; intergovernmental transfers; political dynasties; political party; tax assignment; unitary government; vertical fiscal gap; vertical fiscal imbalance (search for similar items in EconPapers)
Date: 2018-10
Note: Institutional Papers
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