Fiscal Equalization

- Introduction: Challenges in the Design of Fiscal Eqaulization and Intergovernmental Transfers

- The Nature of Equalization - Objectives and Consequences: Fiscal Capacity Equalization and Economic Efficiency: The Case of Australia

- Ensuring Inter-regional Equity and Poverty Reduction

- The Impact of Equalization on Service Delivery

- Harmonizing Objectives and Outcomes at the National and Sub-national Levels through Citizen Engagement and Capacity Building (with special references to the Philippines)

- Discussant comments

- The Institutional Setting

- A Framework for Evaluating Alternate Institutional Arrangements for Fiscal Equalization Transfers

- Intergovernmental Transfers: The Funding Rule and Mechanisms

- Intergovernmental Iransfers: The Vertical Sharing Dimension

- Discussant comments

- Challenges in Implementing Equalization

- Expenditure-Based Equalization Transfers

- Designing Intergovernmental Equalization Transfers with Imperfect Data: Concepts, Practices, and Lessons

- A Model for Public Infrastructure Eqaulization in Transitional Economies

- Discussant comments

- The Relationship of Equalization to Other Policies

- Revenue Sharing, Natural Resources and Fiscal Eqaulization

- The Nature and Functions of Tied Grants

- Intergovernmental Loans: Their Fit into a Transfer System

- Discussant comments

- The Bigger Picture

- The Political Economy of Equalization Transfers

- Discussant comments

- Index