Fiscal competition for imperfectly-mobile labor and capital : a comparative dynamic analysis

David E. Wildasin

Interjurisdictional flows of imperfectly-mobile migrants, investment, and other productive resources result in the costly dynamic adjustment of resource stocks. This paper investigates the comparative dynamics of adjustment to changes in local fiscal policy with two imperfectly mobile productive resources. The intertemporal adjustments for both resources depend on complementarity/substitutability in production and the adjustment cost technologies for each, implying that the evaluation of the fiscal treatment of one resource must account for the simultaneous adjustment of both. -- Fiscal competition ; labor mobility ; capital mobility ; comparative dynamics

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Year of publication:	2009
Authors:	Wildasin, David E.
Publisher:	Bonn : Forschungsinst. zur Zukunft der Arbeit
Subject:	Kommunale Finanzpolitik \| Local fiscal policy \| Institutioneller Wettbewerb \| Institutional competition \| Steuerwettbewerb \| Tax competition \| Arbeitsmobilität \| Labour mobility \| Kapitalmobilität \| Capital mobility \| Region \| Anpassungskosten \| Adjustment costs \| Dynamische Wirtschaftstheorie \| Economic dynamics \| Theorie \| Theory

Extent:	Online-Ressource (33 S.)
Series:	Discussion paper series / IZA. - Bonn : IZA, ZDB-ID 2120053-1. - Vol. 4463
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
Other identifiers:	hdl:10419/35993 [Handle]
Classification:	H22 - Incidence ; H71 - State and Local Taxation, Subsidies, and Revenue ; H87 - International Fiscal Issues ; J61 - Geographic Labor Mobility; Immigrant Workers ; R58 - Regional Development Policy
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://ebvufind01.dmz1.zbw.eu/10003901986