Resource title

Footloose capital and productive public services

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Resource description

We analyse in a Footloose Capital productive public services provided by a central government aiming at reducing regional disparities. Two countervailing effects occur - one upon productivity and another upon local demand - the relative strength of which depends upon the financing scheme. Only if the "rich" region contributes sufficiently to the financing of the public services in the "poor" region, the poor region will actually gain. In studying these questions we pay particular attention to the dynamic adjustment processes and to the role of trade freeness. (author's abstract) ; Series: Department of Economics Working Paper Series

Resource author

Pasquale Commendatore, Ingrid Kubin, Carmelo Petraglia

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Resource publish date

Resource language

en

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application/pdf

Resource resource URL

http://epub.wu.ac.at/1668/1/document.pdf

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