Fiscal competition in space and time
成果类型：
Article; Proceedings Paper
署名作者：
Wildasin, DE
署名单位：
University of Kentucky
刊物名称：
JOURNAL OF PUBLIC ECONOMICS
ISSN/ISSBN：
0047-2727
DOI：
10.1016/S0047-2727(02)00055-5
发表日期：
2003
页码：
2571-2588
关键词：
摘要：
This paper analyzes fiscal competition among numerous spatially-separated jurisdictions in an explicitly dynamic framework. The degree of factor mobility between jurisdictions is imperfect because it is costly and time-consuming to adjust factor stocks. Even if it is harmful in the long run, taxation of mobile factors redistributes income in favor of the owners of immobile resources in the short run. The locally-optimal tax on mobile factors is lower, the faster the speed with which factors adjust to fiscal policy. Anticipated taxes are less beneficial than those that can be imposed unexpectedly. (C) 2002 Elsevier B.V. All rights reserved.
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