search query: @indexterm PUBLIC POLICY / total: 408
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| Author: | Keen, M. Marchand, M. |
| Title: | Fiscal competition and the pattern of public spending |
| Journal: | Journal of Public Economics
1997 : OCT, Vol. 66:1, p. 33-53 |
| Index terms: | PUBLIC POLICY PUBLIC EXPENDITURE TAXATION |
| Language: | eng |
| Abstract: | Much attention has been given to the impact of fiscal competition on the level of public expenditure, but relatively little to the impact on its composition. Using a broadly familiar and reasonably rich model of fiscal competition in the presence of mobile capital, this paper establishes a systematic bias in public spending patterns: starting from the non-cooperative equilibrium, and holding tax rates constant, welfare would be improved by a coordinated reduction in the provision of local public inputs and a corresponding increase in the public provision of local public goods benefiting immobile consumers. |
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