Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/30607
Authors: 
Wildasin, David E.
Year of Publication: 
2009
Series/Report no.: 
CESifo Working Paper 2808
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: 
B23
H22
H71
H87
J61
Document Type: 
Working Paper

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