Global Competition for Mobile Resources: Implications for Equity, Efficiency, and Political Economy

David Wildasin

No 2005-08, Working Papers from University of Kentucky, Institute for Federalism and Intergovernmental Relations

Abstract: International integration of markets for labor and capital has far-reaching policy implications in economies where governments pursue extensive programs of redistribution through tax and transfer policies. The large fiscal impacts that result from movement of high- and low-income populations, as well as of capital, affect the benefits, costs, and political payoffs of redistributive policies, creating incentives for fiscal competition that may limit the extent of redistribution over time. Migration and capital flows are dynamic adjustment mechanisms, analysis of which can shed light on the consequences of structural changes such as globalization of factor markets and EU enlargement.

Keywords: Fiscal; Competition (search for similar items in EconPapers)
JEL-codes: H77 (search for similar items in EconPapers)
Pages: 48 pages
Date: 2005-11
New Economics Papers: this item is included in nep-pbe and nep-pol
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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Journal Article: Global Competition for Mobile Resources: Implications for Equity, Efficiency and Political Economy (2006)
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