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Aathy Kannan T.

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Aathy Kannan T.
Ph.D Research Scholar, Department of Econometrics, University of Madras, Chennai - 5.

Kannan T, Aathy. "Thematic development of Fiscal federalism and its implications in Center and State financial relationship." Int. j. of Social Science and Economic Research, vol. 4, no. 6, June 2019, pp. 4352-4361, Accessed June 2019.
Kannan T, A. (2019, June). Thematic development of Fiscal federalism and its implications in Center and State financial relationship. Int. j. of Social Science and Economic Research, 4(6), 4352-4361. Retrieved from
Kannan T, Aathy. "Thematic development of Fiscal federalism and its implications in Center and State financial relationship." Int. j. of Social Science and Economic Research 4, no. 6 (June 2019), 4352-4361. Accessed June, 2019.

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Fiscal federalism is one of the most debated topics in public finance literature. It has been widely discussed and researched by economists and policy makers at various contexts. Further, it exclusively discusses the theoretical underpinnings and empirical dimensions of intergovernmental transfers at various contexts including India. The Presents study narrates the theoretical development taken place in fiscal federalism and its implications in Centre and Sate financial relationship. Existing literature pertaining to fiscal federalism have been indicated the nuances of fiscal transfers, determinants, challenges and constraints of the same. In addition to that First generation fiscal federalism (FGFF) studies the performance of decentralized systems under the perception of generous social planners. Second Generation Fiscal Federalism (SGFF) studies the fiscal and political enticements confronting subnational personnel. The study paved the premises for conceptual clarification of fiscal federalism and its frontier of implications.