The effects of the intergovernmental grant system have long been
a topic of debate among politicians, economists, and political
scientists. Until now, however, the question of the impact of
grants on the aggregate public sector has been largely neglected.
In this volume, Schwallie offers the first detailed study of the
extent to which grants-in-aid have affected the size of government.
In the process, he provides a good introduction to both the
normative and positive theories of intergovernmental grants and a
useful summary of grants-in-aid research over the past 25 years.
With the aid of economic models that analyze governmental fiscal
decision making, econometric findings, and recent empirical
studies, Schwallie develops a well-defined theory that explains how
a system of intergovernmental grants might affect aggregate public
sector size.
Schwallie relates models of fiscal decision making to the effect
of intergovernmental grants on recipient government fiscal
decisions and defines the optimal behavior of both grantor and
recipient governments. Several chapters offer a measured critique
of both the empirical research on intergovernmental grants and
theoretical models proposed to explain grantor and recipient
behavior. Finally, Schwallie proposes his own general equilibrium
theory of intergovernmental grants, which not only explains the
existence of intergovernmental grants, but also provides a
structure for measuring their impact on aggregate public sector
size. Tables, figures, and diagrams illustrate points made in the
text. Students of public finance, economists, grant administrators,
and policymakers will find this an illuminating discussion of the
impact, focus, and implications of the present intergovernmental
grant system.
General
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