Inter-temporal fiscal equalization and per capita output in a federation
We develop a model of a federation with two heterogeneous states which participate in an Australian-style inter-temporal revenue sharing-equalization scheme that redistributes income from rich to poor states. We then consider a policy shock requiring the states to make the transition to a steady...
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| Format: | Working Paper |
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Curtin University
2016
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| Online Access: | http://www.curtin.edu.au/research/crae/publications/working-paper-series/index.cfm http://hdl.handle.net/20.500.11937/36722 |