. Building on insights provided by the “second generation” wave of research on fiscal federalism, this paper proposes a unified … model to account for this. The idea is that decentralization serves as a commitment device to ensure that ex post chose … policies will reflect regional preferences, thereby boosting individual productive effort incentives. This theory may explain …

ensuring that potential benefits from its adoption are realized. This economic literature on fiscal federalism posits a … application in evaluating the PDP Laban Model of Philippine Federalism 1.0 and the Gonzales-De Vera model. The approach of the … fiscal federalism. The assessment also considered current practices through a review of the constitutions of various federal …

. We show the potential existence of a poverty trap as a result of decentralization in taxation decisions. …

and economic costs, the latter depending on the decentralization of government. Two effects of federalism are derived … decentralization, induces a conflict of interests and thus may harden budget constraints and reduce inflation (the "checks and balance …