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PFM, Vol. 10 No. 1, (2010)

Recent years have witnessed an unmistakable rise in interest in fiscal decentralization. At the same time, fiscal decentralization remains controversial and, in the absence of a generally accepted standard definition, is open to multiple interpretations and connotations. Benefits of fiscal decentralization are also disputed by some. Against this background, this special symposium on fiscal decentralization is being published with a view to shedding light on some of the major theoretical and empirical aspects of fiscal decentralization.

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