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Global Competition for Mobile Resources: Implications for Equity, Efficiency, and Political Economy

  • David E. Wildasin

    ()

    (Martin School of Public Policy and Administration and Department of Economics, University of Kentucky)

International integration of markets for labor and capital has far-reaching policy implications in economies where governments pursue extensive programs of redistribution through tax and transfer policies. The large fiscal impacts that result from movement of high- and low-income populations, as well as of capital, affect the benefits, costs, and political payoffs of redistributive policies, creating incentives for fiscal competition that may limit the extent of redistribution over time. Migration and capital flows are dynamic adjustment mechanisms, analysis of which can shed light on the consequences of structural changes such as globalization of factor markets and EU enlargement.

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File URL: http://ifigr.org/publication/ifir_working_papers/IFIR-WP-2005-08.pdf
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Paper provided by University of Kentucky, Institute for Federalism and Intergovernmental Relations in its series Working Papers with number 2005-08.

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Length: 48 pages
Date of creation: Nov 2005
Date of revision:
Handle: RePEc:ifr:wpaper:2005-08
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