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The Redistributive, Stabilising, and Insurance Effects at the Territorial Level of ‘Federal’ Government Budgets

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  • Núria Bosch
  • Marta Espasa
  • Pilar Sorribas

Abstract

The authors' aim is to estimate the redistributive, stabilising, and insurance effects of the ‘federal’ budgets of Australia, Spain, the USA, and the European Union, at the territorial level. This analysis was carried out for the budget as a whole through regional fiscal balances, and separately for revenues and expenditures. The methodology used was a panel data econometric model. The authors' main conclusion is that in all the cases considered the expenditures have higher effects—redistributive, and combined stabilising and insurance—than the revenues, and that the size of the whole European Union budget should be increased in order to enable the development of redistributive policies.

Suggested Citation

  • Núria Bosch & Marta Espasa & Pilar Sorribas, 2003. "The Redistributive, Stabilising, and Insurance Effects at the Territorial Level of ‘Federal’ Government Budgets," Environment and Planning C, , vol. 21(4), pages 597-613, August.
    • Handle: RePEc:sae:envirc:v:21:y:2003:i:4:p:597-613
    DOI: 10.1068/c0234
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    References listed on IDEAS

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    1. Rafael Doménech & Antonio Maudes & Juan Varela, 2000. "Fiscal flows in Europe: The redistributive effects of the EU budget," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 136(4), pages 631-656, December.
    2. Canzoneri,Matthew B. & Grilli,Vittorio & Masson,Paul R. (ed.), 1992. "Establishing a Central Bank," Cambridge Books, Cambridge University Press, number 9780521420983, October.
    3. Bayoumi, Tamim & Masson, Paul R., 1995. "Fiscal flows in the United States and Canada: Lessons for monetary union in Europe," European Economic Review, Elsevier, vol. 39(2), pages 253-274, February.
    4. Nuria Bosch & Marta Espasa & Pilar Sorribas, 2002. "La capacidad redistributiva y estabilizadora del presupuesto del gobierno central español," Hacienda Pública Española / Review of Public Economics, IEF, vol. 160(1), pages 47-76, march.
    5. Nuria Bosch & Marta Espasa & Pilar Sorribas, 2002. "La capacidad redistributiva y estabilizadora del presupuesto del gobierno central español," Hacienda Pública Española, IEF, vol. 160(1), pages 47-76, march.
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    Cited by:

    1. Marta Espasa & Núria Bosch, 2010. "Inter-regional Fiscal Flows: Methodologies, Results and their Determinant Factors for Spain," Chapters, in: Núria Bosch & Marta Espasa & Albert Solé Ollé (ed.), The Political Economy of Inter-Regional Fiscal Flows, chapter 7, Edward Elgar Publishing.

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