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Please use this identifier to cite or link to this item:
http://hdl.handle.net/10016/5506
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| Title: | A theoretical model of nations, regions and fiscal integration |
| Author(s): | Ortuño, Ignacio [iortuno]
Sempere, J. |
| Publisher: | Elsevier |
| Issued date: | 2006 |
| Citation: | Regional Science and Urban Economics, 2006, v. 36, n. 1, pp. 132-157 |
| URI: | http://hdl.handle.net/10016/5506 |
| ISSN: | 0166-0462 |
| DOI: | 10.1016/j.regsciurbeco.2005.07.001 |
| Abstract: | This 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. |
| Sponsor: | Ortuno-Ortin gratefully acknowledges financial support from Spanish Ministry of Science and Technology, Project SEJ2004-00968, Fundacion BBVA-3-04x and CAM 06/HSE/0157/2004 |
| Review: | PeerReviewed |
| Publisher version: | http://dx.doi.org/10.1016/j.regsciurbeco.2005.07.001 |
| Keywords: | Federalism
Fiscal coinsurance
Migration |
| JEL Classification: | H11
H77
H87 |
| Rights: | © Elsevier |
| Appears in Collections: | DE - Artículos de Revistas
Economists Online
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