全球智库信息集成服务系统(G2TT): DP1801 The Cost of Diversity: The Diversification Discount and Inefficient Investment

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP1801
	DP1801 The Cost of Diversity: The Diversification Discount and Inefficient Investment
	Raghuram Rajan; Luigi Zingales; Henri Servaes
发表日期	1998-03-31
出版年	1998
语种	英语
摘要	This paper produces estimates of regional redistribution and stabilization through the central government budget in Canada, France, the United Kingdom and the United States. The estimates rest on panel data econometrics and an adherence to certain accounting principles that have occasionally been violated in the past. As a result of the statistical method and the accounting, the peak estimates for Canada and the United States in the earlier literature are never attained. In addition, panel data econometrics yields estimates of stabilization which are entirely reasonable for France and the United Kingdom, whereas the estimates based on the previous literature are not so. Regional stabilization through the central government budget emerges as close to 20% in France, the United Kingdom and the United States, but only 10?14% in Canada.
主题	International Macroeconomics
关键词	European monetary union Fiscal federalism Regional taxes and transfers
URL	https://cepr.org/publications/dp1801
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/530963
推荐引用方式 GB/T 7714	Raghuram Rajan,Luigi Zingales,Henri Servaes. DP1801 The Cost of Diversity: The Diversification Discount and Inefficient Investment. 1998.