000			01789nab a2200289 c 4500
999			_c145326 _d145326
003			ES-MaIEF
005			20220207132644.0
007			ta
008			220207t2021 us ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
100	1		_969525 _aHenkel, Marcel
245			_aFiscal tansfers in the spatial economy _cMarcel Henkel, Tobias Seidel, Jens Suedekum
260			_c2021
500			_aResumen.
504			_aBibliografía.
520			_aMany countries shift substantial public resources across jurisdictions to mitigate spatial economic disparities. We use a general equilibrium model with multiple asymmetric regions, labor mobility, and costly trade to carve out the aggregate implications of fiscal transfers. Calibrating the model for Germany, we find that transfers indeed deliver smaller disparities across regions. This comes at the cost of lower national output, however, because economic activity is diverted away from core cities and toward remote areas with low productivity. But despite this loss in output per capita by about 2 percent in our baseline specification, welfare still increases by 0.07 percent because the transfer scheme countervails overcongestion in large cities. If the optimal transfer regime was implemented, welfare would increase by 0.06 percent.
650			_aINGRESOS FISCALES _947378
650			_aREDISTRIBUCION _948219
650		4	_aDESEQUILIBRIOS REGIONALES _942586
650		4	_aBALANZAS FISCALES _932248
650		4	_aALEMANIA _925193
650			_aMODELOS ECONOMETRICOS _947776
700			_959127 _aSeidel, Tobias
700			_951586 _aSüdekum, Jens
773	0		_9166409 _oOP 2135/2021/4 _tAmerican Economic Journal : Economic Policy _w(IEF)134825 _x 1945-7731 _gv. 13, n. 4, November 2021, p. 433-468
942			_cART