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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/18355| Title: | Fiscal Competition, Capital-Skill Complementarity, and the Composition of Public Spending |
| Keywords: | J24 H77 J61 ddc:330 Tax competition capital skill complementarity public spending New-Keynesian Phillips Curve Betriebliche Preispolitik Preisstatistik Schätzung Welt |
| Issue Date: | 16-Oct-2013 |
| Publisher: | Deutsches Institut für Wirtschaftsforschung (DIW) Berlin |
| Description: | Following Keen and Marchand (1997), the paper analyses the effect of fiscal competition on the composition of public spending in a model where capital and skilled workers are mobile while low skilled workers are immobile. Taxes are levied on capital and labour. Each group of workers benefits from a different kind of public good. Mobility of skilled workers provides an incentive for jurisdictions to spend ?too much? on public goods benefitting the skilled and ?too little? on those benefitting low skilled workers. In the case of capital-skill complementarity, this incentive is strengthened. The analysis is then extended to allow for mobility of unskilled labour. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/18355 |
| Other Identifiers: | http://hdl.handle.net/10419/18355 ppn:494463309 |
| Appears in Collections: | EconStor |
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