Regional Redistribution and Stabilization by the Centre in Canada, France, the United Kingdom and the United States: New Estimates Based on Panel Data Econometrics

CEPR Discussion Paper Series Number 1829

Posted: 1 Jun 1998

See all articles by Frederic Zumer

Frederic Zumer

Observatoire Français des Conjonctures Economiques (OFCE)

Jacques Melitz

National Institute of Statistics and Economic Studies (INSEE) - Center for Research in Economics and Statistics (CREST); Centre for Economic Policy Research (CEPR)

Date Written: March 1998

Abstract

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.

JEL Classification: C23, E62, H87

Suggested Citation

Zumer, Frederic and Melitz, Jacques, Regional Redistribution and Stabilization by the Centre in Canada, France, the United Kingdom and the United States: New Estimates Based on Panel Data Econometrics (March 1998). CEPR Discussion Paper Series Number 1829, Available at SSRN: https://ssrn.com/abstract=93835

Frederic Zumer

Observatoire Français des Conjonctures Economiques (OFCE) ( email )

69 Quai d'Orsay
Paris 75007
France
(33 1) 44 18 54 61 (Phone)
(33 1) 44 18 54 78 (Fax)

Jacques Melitz (Contact Author)

National Institute of Statistics and Economic Studies (INSEE) - Center for Research in Economics and Statistics (CREST) ( email )

15 Boulevard Gabriel Peri
Malakoff Cedex, 1 92245
France
+331 41 17 60 46 (Phone)
+331 41 17 60 34 (Fax)

Centre for Economic Policy Research (CEPR)

London
United Kingdom

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