Local Government Finance: Trends and Questions

24 Pages Posted: 17 Aug 2010

See all articles by Richard M. Bird

Richard M. Bird

affiliation not provided to SSRN

Date Written: July 29, 2010

Abstract

Section 1 of this paper suggests that there is little evidence of regional let alone world-wide trends in local finances although trends within particular countries certainly exist. Section 2 then argues that the path-dependent and context-specific nature of country experiences implies that one must be very careful both in categorizing the local finance systems found in different countries and in making cross-country empirical studies of local finances. Finally, Section 3 suggests that in analyzing and comparing country experiences it is important to be clear about the different (implicit or explicit) normative models to be found in the literature and exemplified in practice in different countries.

Keywords: Local Finance, International Comparisons, Models of Local Finance

Suggested Citation

Bird, Richard Miller, Local Government Finance: Trends and Questions (July 29, 2010). Available at SSRN: https://ssrn.com/abstract=1659807 or http://dx.doi.org/10.2139/ssrn.1659807

Richard Miller Bird (Contact Author)

affiliation not provided to SSRN

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