Fiscal competition for imperfectly-mobile labor and capital: A comparative dynamic analysis

David Wildasin

Journal of Public Economics, 2011, vol. 95, issue 11, 1312-1321

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.

Keywords: Fiscal competition; Dynamic tax incidence (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (31)

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Related works:
Working Paper: Fiscal Competition for Imperfectly-Mobile Labor and Capital: A Comparative Dynamic Analysis (2009)
Working Paper: Fiscal Competition for Imperfectly-Mobile Labor and Capital: A Comparative Dynamic Analysis (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:pubeco:v:95:y:2011:i:11:p:1312-1321

DOI: 10.1016/j.jpubeco.2010.11.014

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