Fiscal Equalisation and Natural Resources in Federal Systems
Redistribution from wealthier to less-wealthy jurisdictions is a common if not virtually universal practice in federal systems and accords with some of the key principles of federalism. However, it easily becomes controversial or contested - particularly when resource revenues are at stake. This pap...
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| Format: | Journal Article |
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John Curtin Institute of Public Policy, Curtin University of Technology
2011
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| Online Access: | http://search.informit.com.au/documentSummary;dn=072527766341924;res=IELHSS http://hdl.handle.net/20.500.11937/16936 |
| Summary: | Redistribution from wealthier to less-wealthy jurisdictions is a common if not virtually universal practice in federal systems and accords with some of the key principles of federalism. However, it easily becomes controversial or contested - particularly when resource revenues are at stake. This paper looks at the particular challenge posed by regionally-concentrated resource wealth in boom times and considers equity and efficiency arguments for a dilution or abolition of Australia's comprehensive system of horizontal fiscal equalisation put forward by 'donor' States and others. |
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