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Public finance is the field of economics that studies government activities and the various means of financing these activities. In general, public finance deals with any of the three levels of government: federal, state, and local. While the basic theories of public finance apply regardless of the level of government studied, state and local public finance has emerged as an important sub-field of public finance in recent years.
Regional Research Institute, West Virginia University
Public finance, government activities, state finance, local finance
Garrett, Thomas A. and Leatherman, John C., "An Introduction to State and Local Public Finance" (2020). Web Book of Regional Science. 22.