Using the annual data from 1960-61 to 1996-97, this paper attempts to test the causal nexus between total central government expenditures and total central government revenues in the case of India, within the empirical framework of causality, cointegration and error correction mechanism in the...

The paper analyzes fiscal decentralization trends in three large Asian developing countries making a transition from plan to market economy. The analysis helps to identify the emerging challenges in achieving fiscal decentralization. The challenges arise from transition to market, and...

The paper analyzes fiscal decentralization in a three-tier federal framework in India. After a brief discussion on the evolution of Indian federalism and the description of the prevailing system, the paper brings out anomalies in assignments between centre and states and states and local bodies....