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dc.contributor.authorKellermann, Kerstenen_US
dc.date.accessioned2012-05-23T14:43:10Z-
dc.date.available2012-05-23T14:43:10Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/58033-
dc.description.abstractI discuss a dynamic version of the Zodrow-Miezskowski model, where world capital supply is not fixed. The time horizon of the welfare maximizing government is assumed to be infinite whereas the household sector is designed according to the two-period overlapping-generations model. Thus social evaluation is involved which is not directly based on individual preference ordering. The model produces a type of inefficiency caused by a head tax on immobile workers. From the viewpoint of the global economy, head taxes reduce global saving and thus create a negative externality on global capital supply. The lower-level government thus financed the public goods supply with too little reliance on source taxes. In this case, centralization of investment decisions has the potential of welfare improvement. It can lead to an increase in private and public investment and enhances transitory growthen_US
dc.language.isoengen_US
dc.publisherKOFL Vaduzen_US
dc.relation.ispartofseriesKOFL Working Papers 4en_US
dc.subject.jelH70en_US
dc.subject.jelH10en_US
dc.subject.ddc330en_US
dc.subject.keywordPublic investmenten_US
dc.subject.keywordTax competitionen_US
dc.subject.keywordFiscal competitionen_US
dc.subject.keywordSocial time preferenceen_US
dc.subject.keywordFederalismen_US
dc.subject.stwSteuerwettbewerben_US
dc.subject.stwKapitalmobilit├Ąten_US
dc.subject.stwDezentralisierungen_US
dc.subject.stwInvestitionen_US
dc.subject.stwOverlapping Generationsen_US
dc.subject.stwWachstumstheorieen_US
dc.subject.stwTheorieen_US
dc.titleFiscal competition and a potential growth effect of centralizationen_US
dc.typeWorking Paperen_US
dc.identifier.ppn560578822en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:KOFL Working Papers, Konjunkturforschungsstelle Liechtenstein

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