Conclusions

Abstract

The previous chapters demonstrated the increasingly wide scope of the economics of local government. It shares with public sector economics many broad theoretical and policy issues relating to allocative and X-efficiency, public expenditure, taxation, borrowing, public sector pricing, and so on. Nevertheless, local government economics is a distinctive area of economics worthy of study in its own right. Like other areas of applied economics, such as housing, transport and labour economics, local government economics has to fit within a broad multidisciplinary framework if it is to contribute fully to the study of local government.