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

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.

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Year of publication:	2009
Authors:	Wildasin, David E.
Publisher:	Munich : Center for Economic Studies and ifo Institute (CESifo)
Subject:	Kommunale Finanzpolitik \| Institutioneller Wettbewerb \| Steuerwettbewerb \| Arbeitsmobilität \| Internationale Kapitalmobilität \| Regionaler Finanzmarkt \| Anpassungskosten \| Dynamisches Modell \| Theorie \| fiscal competition \| labor mobility \| capital mobility \| comparative dynamics

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Series:	CESifo Working Paper ; 2808
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	611197650 [GVK] hdl:10419/30607 [Handle]
Classification:	B23 - Econometrics; Quantitative Studies ; H22 - Incidence ; H71 - State and Local Taxation, Subsidies, and Revenue ; H87 - International Fiscal Issues ; J61 - Geographic Labor Mobility; Immigrant Workers
Source:	EconStor

Persistent link: https://www.econbiz.de/10010277195