Uriel, E.

Fiscal balances of regions

In this paper fiscal balances of the Regions with respect to the Central Government are examined. After analyzing the methodological problems, the results are examined and compared with simulations based on normative criteria. Finally, in the conclusions a special reference to the interpretation of burden-benefit and the monetary flow approach is discussed. In opinion of the author the results with both approaches are not comparable. In addition, unlike the burden-benefit approach, the approach of monetary flow does not have a clear interpretation.

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