Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/119651 
Erscheinungsjahr: 
2002
Schriftenreihe/Nr.: 
Nota di Lavoro No. 45.2002
Verlag: 
Fondazione Eni Enrico Mattei (FEEM), Milano
Zusammenfassung: 
Recent studies suggest a considerable amount of horizontal strategic interaction amongst governments exists. The empirical approach in these studies typically relies on estimating reaction functions in a uni-dimensional policy framework, where a nonzero slope estimate suggests strategic interactions exist. While this framework may be useful within certain contexts, it is potentially too restrictive; for example, in models of resource competition, locales may use multiple instruments to attract agents, leading to strategic interaction across policy instruments. In this study, we develop a theoretic construct that includes yardstick competition in a world of multi-dimensional policies to show that while a zero-sloped reaction function may exist for any particular policy, this does not necessarily imply the absence of strategic interactions. We empirically examine the implications of the model using US state-level panel data over the period 1977-1994. Empirical results suggest important cross-policy strategic interactions exist, lending support in favor of the multi-dimensional framework
Schlagwörter: 
Political economy
resource competition
strategic policymaking
yardstick competition
JEL: 
C33
H7
R1
R3
Q28
Dokumentart: 
Working Paper

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