Together or Separately? Issues on the Costs and Benefits of Political and Fiscal Unions
AbstractAround the world one observes a tendency toward political separatism. The economic literature generally (but not always) emphasizes several benefits of large fiscal (and, therefore, political) jurisdictions. In this paper we discuss several politico-economic arguments which reconcile this tension between â€œnormativeâ€ economic models and empirical observations.
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Bibliographic InfoPaper provided by Harvard University Department of Economics in its series Scholarly Articles with number 4553017.
Date of creation: 1995
Date of revision:
Publication status: Published in European Economic Review
Other versions of this item:
- Alesina, Alberto & Perotti, Roberto & Spolaore, Enrico, 1995. "Togetheror separately? Issues on the costs and benefits of political and fiscal unions," European Economic Review, Elsevier, vol. 39(3-4), pages 751-758, April.
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