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Regional Redistribution and Stabilization by the Centre in Canada, France, the United Kingdom and the United States: New Estimates Based on Panel Data Econometrics

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  • Mélitz, Jacques
  • Zumer, Frédéric

Abstract

This paper produces estimates of regional redistribution and stabilization through the central government budget in Canada, France, the United Kingdom and the United States. The 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 statistical method and the accounting, the peak estimates for Canada and the United States in the earlier literature are never attained. In addition, panel data econometrics yields estimates of stabilization which are entirely reasonable for France and the United Kingdom, whereas the estimates based on the previous literature are not so. Regional stabilization through the central government budget emerges as close to 20% in France, the United Kingdom and the United States, but only 10–14% in Canada.

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Bibliographic Info

Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 1829.

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Date of creation: Mar 1998
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Handle: RePEc:cpr:ceprdp:1829

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Related research

Keywords: European Monetary Union; Fiscal Federalism; regional taxes and transfers;

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Cited by:
  1. Ralf Hepp & Jürgen von Hagen, 2009. "Fiscal Federalism in Germany: Stabilization and Redistribution Before and After Unification," Fordham Economics Discussion Paper Series dp2009-06, Fordham University, Department of Economics.
  2. Jacques Mélitz & Frédéric Zumer, 1999. "Interregional and International Risk Sharing and Lessons for EMU," Sciences Po publications n°2154, Sciences Po.
  3. repec:spo:wpecon:info:hdl:2441/765 is not listed on IDEAS
  4. Sanguinetti, Pablo & Tommasi, Mariano, 2004. "Intergovernmental transfers and fiscal behavior insurance versus aggregate discipline," Journal of International Economics, Elsevier, vol. 62(1), pages 149-170, January.
  5. Javier Capó Parrilla & Xisco Oliver Rullán, 2002. "Evaluación del efecto estabilizador del presupuesto español y propuestas de estabilización fiscal para la Unión Monetaria Europea," Hacienda Pública Española, IEF, vol. 162(3), pages 35-60, September.
  6. Lafrance, Robert & St-Amant, Pierre, 2000. "Les zones monétaires optimales," L'Actualité Economique, Société Canadienne de Science Economique, vol. 76(4), pages 577-612, décembre.
  7. Sylvie DUCHASSAING & Laurent GAGNOL, 2000. "Can we consider the policy instruments as cyclical substitutes? Some Empirical Evidence," Working Papers of BETA 2000-16, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.

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