Grant Systems and Vulnerability to Fiscal Stress: A Comparative Study of Danish and North American Local Government
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The properties of a country's system of intergovernmental grants may have important effects on the vulnerability of local government to socioeconomic changes and to changes in grants from the central government. A comparison between Denmark and the United States suggests that a combination of a low degree of equalization, high reliance on general grants, and a visible structure of taxation lead to a high degree of vulnerability to fiscal stress.
2016 ◽
Vol 21
(1)
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pp. 1-19
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2014 ◽
Vol 5
(12)
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pp. 2337-2340
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