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Titlebook: Improving Economic and Social Cohesion in the European Community; Jørgen Mortensen (Senior Research Fellow, Head of Book 1994 Palgrave Ma

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Fiscal federalism: a survey of the literatureis usually prohibited by federal constitutions. Although the efficient provision of regional public goods could eventually be effected at the central level, this would normally imply information requirements that are difficult to meet, and it would entail costs deriving from uncertainties (Tresch 19
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The regional impact of Community policies infrastructure and shortages of skills significantly hinder the catching-up process, even if the difference in labour costs offers incentives to move production away from the central regions of the EC.
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European integration: economic analysis and social realitynstitution. In practical policy-making the attention has shifted from common advantages to member-country advantages. This is only logical as the cohesion of the EC is based on a fair distribution of cost and benefits.
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Regional disparities and Community policyss of the least-favoured regions”. In the Treaty agreed by the European Council in Maastricht in December 1991 this aim was further strengthened, cohesion becoming one of the central “pillars” of the new European Union.
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Spain in the EC: monetary stability versus economic growth?he next four years. This plan outlined a strategy with the dual objective of meeting the commitments of Maastricht, which aim primarily at stability, and maintaining the domestic economic expansion, which will make it possible to reduce the level-of-development gap of about 20% between Spain and the European Community average.
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Book 1994s the structural funds. It also analyses regional income disparities within the EC, the effects of economic integration on Europe‘s poorer areas and the strategic options of the less-developed regions and countries in Europe. The effects of the Single Market, the Common Agricultural Policy and Econo
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ies such as the structural funds. It also analyses regional income disparities within the EC, the effects of economic integration on Europe‘s poorer areas and the strategic options of the less-developed regions and countries in Europe. The effects of the Single Market, the Common Agricultural Policy
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The regional-stabilisation properties of fiscal arrangementsassumption of market imperfections (especially price/wage rigidities) which prevent instantaneous market clearing. This is indeed a basic assumption in all the literature dealing with stabilisation properties of federal budgetary systems. It is therefore retained hereafter without further discussion.
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