The redistributive, stabiliser and insurance effects at territorial level of "federal" government budgets

Núria Bosch, Marta Espasa () and Pilar Sorribas ()
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Marta Espasa: Institut d'Economia de Barcelona (IEB); Universitat de Barcelona (UB)
Pilar Sorribas: Institut d'Economia de Barcelona (IEB); Universitat de Barcelona (UB)

No 2002/5, Working Papers from Institut d'Economia de Barcelona (IEB)

Abstract: The aim of this study is to estimate the redistributive, stabiliser and insurance effects at territorial level of the federal budget of Australia, Spain, the USA and of the European Union. This analysis is carried out for the budget as a whole through regional fiscal balances and, separately for the revenues and expenditures. The methodology used is a panel data econometric model. The main conclusion is that in all the cases considered the expenditures have higher effects, both redistributive and stabiliser/insurance, than the revenues and that the size of the European budget should increase in order to be able to develope redistributive policies.

Keywords: Fiscal flows; Redistribution; Stabilization (search for similar items in EconPapers)
JEL-codes: E62 H11 H23 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2002
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:ieb:wpaper:doc2002-5

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