کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5066349 1476777 2017 15 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Strategic fiscal policies in Europe: Why does the labour wedge matter?
ترجمه فارسی عنوان
سیاست های استراتژیک مالی در اروپا: چرا نیروی کار اهمیت دارد؟
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی

Most European countries suffer from a structural weakness in employment and competitiveness. Can an optimal tax system reinforce European countries in this respect? In this paper, we show that fiscal competition can be a welfare improving second best solution if the labour wedge is sufficiently large. Indeed, a sufficiently large labour wedge calls for an expansion of the production set in both countries, thus increasing global opportunities. For a small labour wedge, this would not be the case, because the terms-of-trade externality would call for a fiscal policy that exacerbates a non-cooperative behaviour between countries. In a two-country world, we show that the symmetric Nash equilibrium can be Pareto-efficient, if employment subsidies are financed by a consumption tax. This is not the case when the former are financed by tariffs.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: European Economic Review - Volume 91, January 2017, Pages 15-29
نویسندگان
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