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dc.contributor.authorBüttner, Thiessen_US
dc.date.accessioned2009-02-16T14:57:38Z-
dc.date.available2009-02-16T14:57:38Z-
dc.date.issued1999en_US
dc.identifier.urihttp://hdl.handle.net/10419/24576-
dc.description.abstractIn the context of EMU fiscal equalization schemes have been proposed as a means to stabilize regions against asymmetric shocks. A theoretical analysis shows that besides reducing the cross-sectional income variance the redistributive element of fiscal equalization causes incentive effects for regional governments, undermining the efficient supply of public goods. Yet, this objection is shown to be less important in a situation of insufficient demand, where interregional redistribution actually favors stabilization. In an empirical analysis for Germany, the paper adds support for the finding of significant regional stabilization by fiscal flows. The results indicate that about 17 % of GDP variation across West Germany's states has been removed by fiscal flows during the last two decades. Thus, in Germany where the fiscal federalism is criticised for its heavy equalization the extent of regional stabilization provided by fiscal flows is quite similar to other federal countries.en_US
dc.language.isoengen_US
dc.publisherZentrum für Europäische Wirtschaftsforschung (ZEW) Mannheimen_US
dc.relation.ispartofseriesZEW Discussion Papers 99-23en_US
dc.subject.jelF15en_US
dc.subject.jelH77en_US
dc.subject.jelR11en_US
dc.subject.jelE62en_US
dc.subject.ddc330en_US
dc.subject.stwFinanzausgleichen_US
dc.subject.stwRegionale Disparitäten_US
dc.subject.stwÖkonomischer Anreizen_US
dc.subject.stwRegionale Entwicklungen_US
dc.subject.stwTheorieen_US
dc.subject.stwSchätzungen_US
dc.subject.stwDeutschlanden_US
dc.titleRegional Stabilization by Fiscal Equalization? Theoretical Considerations and Empirical Evidence from Germanyen_US
dc.typeWorking Paperen_US
dc.identifier.ppn270063137en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:zewdip:5511-
Appears in Collections:Publikationen von Forscherinnen und Forschern des ZEW
ZEW Discussion Papers

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