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Togetheror separately? Issues on the costs and benefits of political and fiscal unions

par Alesina, Alberto;Perotti, Roberto;Spolaore, Enrico
Référence European economic review, 39, 3-4, page (751-758)
Publication Publié, 1995

Article révisé par les pairs

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Résumé :

Around the world one observes a tendency toward political separatism. The economic literature generally (but not always) emphasizes several benefits of large fiscal (and, therefore, political) jurisdictions. In this paper we discuss several politico-economic arguments which reconcile this tension between "normative" economic models and empirical observations. © 1995.