Is Regionalism Better For Economic Integration? Nations, Regions, And Risk Sharing
AbstractOur analysis yields some conclusions about the political role of regions in the formation of supranational economic areas, which turns out to be quite different from the role of nations. The claim that regions have more incentives than nations to attain a fiscal agreement implying full economic integration is likely to be correct when nations are economic stable arrangements, i.e. when the rich region of a nation is not "exploited" by the poor region. When, on the other hand, it is not on the interest of a rich region to be part of a nation, attempts to achieve full economic integration among a group of nations is more likely to be successful if nations, instead of regions, are the decision makers.
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Bibliographic InfoPaper provided by Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) in its series Working Papers. Serie AD with number 2000-16.
Length: 32 pages
Date of creation: Oct 2000
Date of revision:
Publication status: Published by Ivie
Federalism; Fiscal coinsurance; Migration.;
Find related papers by JEL classification:
- H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
- H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism
- H87 - Public Economics - - Miscellaneous Issues - - - International Fiscal Issues; International Public Goods
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