Economics, Econometrics and Finance
4 years ago

Fiscal competition leads to biased public spending patterns, impacting welfare.

RePEc: Research Papers in Economics
Fiscal competition and the pattern of public spending
Michael Keen, Maurice Marchand

Paper Summary

Fiscal competition affects how public money is spent. When cities compete for businesses, they tend to spend less on local services and more on things that benefit everyone. This shift could make people better off overall.

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