search query: @author Bucovetsky, S. / total: 5
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Author: | Bucovetsky, S. |
Title: | Federalism, equalization and risk aversion |
Journal: | Journal of Public Economics
1998 : MAR, VOL. 67:3, p. 301-328 |
Index terms: | ECONOMICS EQUALITY RISK AVERSION |
Language: | eng |
Abstract: | What causes a group of countries to agree to form a federation? Other alternative arrangements, which often are chosen instead, are to form a unitary state or to remain autonomous. Federations usually allow for considerable freedom of movement along consistent regions. They also provide a fairly limited redistribution of any rents earned in these regions. These two features together imply that residents of poor regions can share in the rents in rich regions by migration. |
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