Table I

Budget redistribution and stabilization between regions

Budget redistribution between regions ( %)

  USA Canada U. K. Germany France Italy
Sachs and Sala-i-Martin (1991) 38          
von Hagen (1991) 30 – 40          
Goodhart and Smith (1993) 15 13 – 24 21      
Masson and Taylor (1993)            
Pisani-Ferry et al. (1993)            
Bayoumi and Masson (1995) 21,9 39,2        
Asdrubali et al. (1996)            
Obstfeld and Peri (1998) 19 53       8
Mélitz and Zumer (1998) 15,8 17,7 26   38  
Fatás (1998)            
Decressin (1999)           30-35

Budget stabilization between regions ( %)

  USA Canada U. K. Germany France Italy
Sachs and Sala-i-Martin (1991)            
von Hagen (1991) 9 – 10          
Goodhart and Smith (1993) 13 12 – 24 21 – 34      
Masson and Taylor (1993)   24        
Pisani-Ferry et al. (1993) 17     33 – 42 37  
Bayoumi and Masson (1995) 30,2 17,4        
Asdrubali et al. (1996) 13          
Obstfeld and Peri (1998) 10 13       3
Mélitz and Zumer (1998) 20,3 14,4 21   19,4  
Fatás (1998) 11,1   13,3 10 6,2  
Decressin (1999)           20-30

©2000 by Pacheco
formated and tagged by MN, 9.3.2000