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Title:Fiscal competition for imperfectly-mobile labor and capital: a comparative dynamic analysis PDF Logo
Authors:Wildasin, David E.
Issue Date:2009
Series/Report no.:IZA Discussion Papers 4463
Abstract: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.
Subjects:Fiscal competition
labor mobility
capital mobility
comparative dynamics
JEL:H22
H71
H87
J61
R58
Persistent Identifier of the first edition:urn:nbn:de:101:1-200910141437
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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