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Comments on Rybczynski

In: European Monetary Union

Author

Listed:
  • A. M. El-Agraa

Abstract

Let me start my discussion by making two subsidiary points. First, I would turn round what Mr Rybczynski says about large interregional transfers having made little difference to growth rates; it was because the structurally-determined components of the growth-rates already differed that the transfers were required, and one could argue that in relation to their size they were pretty effective. Second, I do think Mr Rybczynski is technically wrong in regarding the ‘up to 1 per cent of the yield of a uniform VAT’ as not an ‘own resource’, but this is metaphysics!

Suggested Citation

  • A. M. El-Agraa, 1982. "Comments on Rybczynski," Palgrave Macmillan Books, in: M. T. Sumner & G. Zis (ed.), European Monetary Union, pages 228-231, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-16781-4_16
    DOI: 10.1007/978-1-349-16781-4_16
    as

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