Regional redistribution and stabilization by the center in Canada, France, the UK and the US:: A reassessment and new tests

• 成果类型: Article
• 署名作者: Mélitz, J; Zumer, F
• 署名单位: University of Strathclyde; Institut Polytechnique de Paris; ENSAE Paris; Communaute Universite Grenoble Alpes; Universite Grenoble Alpes (UGA)
• 刊物名称: JOURNAL OF PUBLIC ECONOMICS
• ISSN/ISSBN: 0047-2727
• DOI: 10.1016/S0047-2727(01)00112-8
• 发表日期: 2002
• 页码: 263-286
• 关键词: regional redistribution and stabilization; regional taxes and transfers; European Monetary Union

摘要

This paper re-examines earlier estimates of regional redistribution and stabilization through the central government budget in the US, and produces new estimates of this redistribution and stabilization in the US, Canada, France and the UK. The new estimates rest on panel data econometrics and an adherence to certain accounting principles that have occasionally been violated in the past. As a result of the accounting, the peak estimates for the US and Canada in the earlier literature are never attained. Regional stabilization of personal income through the central government budget emerges as close to 20% in the US, France and the UK, but only 10 to 14% in Canada. In case of gross product instead of personal income accounting, regional stabilization is closer to 10% in the US. As regards France and the UK, the use of panel data econometrics proves essential. (C) 2002 Elsevier Science B.V. All rights reserved.