Advances in Local Public Economics
The purpose of this book is to provide an overview of recent developments in local public economics and present a foundation for future progress.
The ﬁeld of local public economics has developed alongside public ﬁnance theory. Whereas public ﬁnance theory deals mainly with various issues concerning nationwide ﬁscal management, the ﬁeld of local public economics analyzes not only ﬁnancial problems within a region but also interdependencies between regions, local governments, and, possibly, state and local governments. The research topics of local public economics can be attributed to the existence of jurisdictional boundaries and the vertical structure of the ﬁscal relationship between state and local governments.
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