IDEAS home Printed from https://ideas.repec.org/a/sae/envirc/v21y2003i4p597-613.html
   My bibliography  Save this article

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

Author

Listed:
  • 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
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1068/c0234
    Download Restriction: no
    File URL: https://libkey.io/10.1068/c0234?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    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.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Santiago Lago-Peñas & Albino Prada & Alberto Vaquero, 2015. "On the size and determinants of inter-regional redistribution in European countries over the period 1995–2009," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 42(4), pages 845-864, November.
    2. 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.
    3. Ramón Barberán & Núria Bosch & Antoni Castells & Marta Espasa, 2000. "The Redistributive Power of the Central Government Budget," Working Papers 2000/6, Institut d'Economia de Barcelona (IEB).
    4. Espasa, Marta, 2000. "Fiscal Regional Flows In Europe: The Redistributive Effects Of The European Union Budget," ERSA conference papers ersa00p446, European Regional Science Association.
    5. Oscar Bajo-Rubio & Carmen Díaz-Roldán, 2003. "Insurance Mechanisms against Asymmetric Shocks in a Monetary Union a Proposal with an Application to EMU," Recherches économiques de Louvain, De Boeck Université, vol. 69(1), pages 73-96.
    6. repec:spo:wpmain:info:hdl:2441/765 is not listed on IDEAS
    7. repec:zbw:bofrdp:1997_008 is not listed on IDEAS
    8. Frédéric Zumer & Jacques Mélitz, 2002. "Partage du risque dans l'Union européenne. Expériences interrégionales et internationales," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(5), pages 299-323.
    9. Dolls, Mathias & Fuest, Clemens & Peichl, Andreas, 2012. "Automatic stabilizers and economic crisis: US vs. Europe," Journal of Public Economics, Elsevier, vol. 96(3), pages 279-294.
    10. Giampaolo Arachi & Caterina Ferrario & Alberto Zanardi, 2010. "Regional Redistribution and Risk Sharing in Italy: The Role of Different Tiers of Government," Regional Studies, Taylor & Francis Journals, vol. 44(1), pages 55-69.
    11. Cont, Walter & Porto, Alberto, 2014. "Personal and regional redistribution through public finance in a federal setting," The Quarterly Review of Economics and Finance, Elsevier, vol. 54(4), pages 563-578.
    12. Willem H. Buiter, 2010. "Economic, Political and Institutional Prerequisites for Monetary Union Among the Members of the Gulf Cooperation Council," Chapters, in: Ronald MacDonald & Abdulrazak Al Faris (ed.), Currency Union and Exchange Rate Issues, chapter 3, Edward Elgar Publishing.
    13. Jonathan Rodden, 2009. "Federalism and Inter-Regional Redistribution," Working Papers 2009/3, Institut d'Economia de Barcelona (IEB).
    14. repec:bla:jcmkts:v:46:y:2008:i::p:933-968 is not listed on IDEAS
    15. Faruk Balli & Sebnem Kalemli‐Ozcan & Bent E. Sørensen, 2012. "Risk sharing through capital gains," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 45(2), pages 472-492, May.
    16. Willem H. Buiter & Clemens Grafe, 2002. "Anchor, float or abandon ship: exchange rate regimes for the accession countries," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 55(221), pages 111-142.
    17. Michael Keen, 1997. "Peculiar institutions: A British perspective on tax policy in the United States," Fiscal Studies, Institute for Fiscal Studies, vol. 18(4), pages 371-400, November.
    18. Jääskelä, Jarkko, 1997. "Incomplete insurance market and its policy implication within European Monetary Union," Research Discussion Papers 8/1997, Bank of Finland.
    19. Pierre-Yves Hénin, 1997. "Soutenabilité des déficits et ajustements budgétaires," Revue Économique, Programme National Persée, vol. 48(3), pages 371-395.
    20. Eiji Fujii, 2017. "Government Size, Trade Openness, and Output Volatility: A Case of fully Integrated Economies," Open Economies Review, Springer, vol. 28(4), pages 661-684, September.
    21. Ralf Hepp & Jürgen von Hagen, 2012. "Fiscal Federalism in Germany: Stabilization and Redistribution Before and After Unification," Publius: The Journal of Federalism, CSF Associates Inc., vol. 42(2), pages 234-259, April.
    22. Alban Mathieu, 2021. "Frankel and Rose’s Introduction to the Endogeneity of Optimality: A Model Limited to the European Monetary Experience," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 2, pages 299-314, July.
    23. repec:hal:wpspec:info:hdl:2441/765 is not listed on IDEAS
    24. Willem H. Buiter & Clemens Grafe, 2001. "Central Banking and the Choice of Currency Regime in Accession Countries," SUERF Studies, SUERF - The European Money and Finance Forum, number 11 edited by Morten Balling, May.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:envirc:v:21:y:2003:i:4:p:597-613. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.