Description
Book SynopsisWhich programmes of income redistribution across jurisdictions are likely to be chosen in democratic countries and why? How does the degree of government centralization affect these choices? How does redistribution of income across regions interact with the migration of factors of production? Do these processes reinforce or do they obstruct each other, and why? This book tries to answer these questions and others related to the issue of income redistribution across states and regions.
The book adopts a positive, public choice approach in the theoretical analysis and tests the predictions on evidence drawn from a highly centralized country (Italy) and a highly decentralized one (the United States). The Politics and Economics of Regional Transfers will be of great interest to scholars of economics, public finance and public choice. Students of economics, economic development, political economy, regional and local economics, public finance and public choice will also find it of interest, as will policy analysts.
Trade Review'One of the several interesting and useful ideas in Padovano's stimulating analysis of interregional redistribution and convergence is his "Index of Geographical Redistribution". The IGR index can be computed with readily available data using simple regressions. This idea is likely to lead to a host of new empirical studies aimed at uncovering the implications of regional redistribution for internal migration and regional growth.' -- Stanley Winer, Carleton University, Canada
Table of ContentsContents: Foreword by Wallace E. Oates 1. Introduction 2. The Main Ideas, in Words 3. How Interregional Redistribution is Decided and What Effects it Produces: A Static Model 4. A Model of Interregional Redistribution and Income Convergence 5. Empirical Estimates of the Effects of Interregional Redistribution on Income Dynamics 6. Conclusion Bibliography Index
