IS REGIONALISM BETTER FOR ECONOMIC INTEGRATION? NATIONS, REGIONS, AND RISK SHARING

Ignacio Ortuño Ortín and Jaume Sempere
Additional contact information
Ignacio Ortuño Ortín: Universidad de Alicante

Working Papers. Serie AD from Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie)

Abstract: Our analysis yields some conclusions about the political role of regions in the formation of supranational economic areas, which turns out to be quite different from the role of nations. The claim that regions have more incentives than nations to attain a fiscal agreement implying full economic integration is likely to be correct when nations are economic stable arrangements, i.e. when the rich region of a nation is not "exploited" by the poor region. When, on the other hand, it is not on the interest of a rich region to be part of a nation, attempts to achieve full economic integration among a group of nations is more likely to be successful if nations, instead of regions, are the decision makers.

Keywords: Federalism; Fiscal coinsurance; Migration. (search for similar items in EconPapers)
JEL-codes: H11 H77 H87 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2000-10
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published by Ivie

Downloads: (external link)
http://www.ivie.es/downloads/docs/wpasad/wpasad-2000-16.pdf Fisrt version / Primera version, 2000 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ivi:wpasad:2000-16

Access Statistics for this paper

More papers in Working Papers. Serie AD from Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) Contact information at EDIRC.
Bibliographic data for series maintained by Departamento de Edición ().