Economic Analysis of Fiscal Competition and Coordination among Multi-Governments

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We analyzed the fiscal interdependence of multiple governments from the viewpoints of vertical relationship between central and local governments, horizontal relationship between international or interregional governments, and other relationship between public and private organizations. We obtained the interesting outcomes of competition and/or coordination theoretically, empirically, and institutionally. In particular, we explained endogenously the normative aspect of fiscal activities of governments by considering similarities and differences of vertical and horizontal competition and coordination.