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A theoretical model of nations, regions and fiscal integration

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dc.affiliation.dptoUC3M. Departamento de EconomĂ­aes
dc.contributor.authorOrtuño, Ignacioes
dc.contributor.authorSempere, J.es
dc.date.accessioned2014-05-30T11:09:55Z
dc.date.available2014-05-30T11:09:55Z
dc.date.issued2006
dc.description.abstractThis paper analyzes how the incentives of regions differ from those of nations when choosing a supranational fiscal arrangement. Two types of fiscal arrangements are studied: a Union of nations and a Federation of nations. Under the Union, there is full fiscal integration, and under the Federation, there is only partial fiscal integration and partial insurance against local risks. We show that the claim that regions have stronger incentives than nations to form a supranational Union rather than a Federation might be true only in the case where regions have strong incentives to be part of a centralized nation.en
dc.description.sponsorshipOrtuno-Ortin gratefully acknowledges financial support from Spanish Ministry of Science and Technology, Project SEJ2004-00968, Fundacion BBVA-3-04x and CAM 06/HSE/0157/2004en
dc.description.statusPublicadoes
dc.format.mimetypeapplication/pdf
dc.identifier.bibliographicCitationRegional Science and Urban Economics, 2006, v. 36, n. 1, pp. 132-157en
dc.identifier.doi10.1016/j.regsciurbeco.2005.07.001
dc.identifier.issn0166-0462
dc.identifier.publicationfirstpage132
dc.identifier.publicationissue1
dc.identifier.publicationlastpage157
dc.identifier.publicationtitleRegional Science and Urban Economicsen
dc.identifier.publicationvolume36
dc.identifier.urihttps://hdl.handle.net/10016/5506
dc.language.isoengen
dc.publisherElsevieren
dc.relation.publisherversionhttp://dx.doi.org/10.1016/j.regsciurbeco.2005.07.001
dc.rights© Elsevieren
dc.rights.accessRightsopen accessen
dc.subject.ecienciaEconomĂ­aes
dc.subject.jelH11
dc.subject.jelH77
dc.subject.jelH87
dc.subject.otherFederalismen
dc.subject.otherFiscal coinsuranceen
dc.subject.otherMigrationen
dc.titleA theoretical model of nations, regions and fiscal integrationen
dc.typeresearch article*
dc.type.hasVersionAM*
dc.type.reviewPeerRevieweden
dspace.entity.typePublication
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