Fiscal Rules and Federalism as Determinants of Budget Performance
AbstractThis article analyses the role of different potential determinants on the fiscal results of the Spanish regions (RGs). The empirical analysis suggests several conclusions. First, the fiscal rule in force between 1992 and 1998 does not appear to have had a significant effect on the fiscal balances of the autonomous regions. With regard to the degree of fiscal autonomy, a higher level in this variable is associated with a more disciplined behavior by RGs. The results also show that the greater transfer of tax revenues to the RGs, associated with a greater devolution of power, has generated greater dependency of fiscal performance on the economic cycle. There is also a strong inertial component in the implementation of fiscal policy in RGs.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by in its journal Public Finance Review.
Volume (Year): 40 (2012)
Issue (Month): 1 (January)
Contact details of provider:
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Salvador Barrios & Diego Martínez, 2014.
"Fiscal equalisation schemes and sub-central government borrowing,"
1401, Universidade de Vigo, GEN - Governance and Economics research Network.
- Diego Martínez López & Salvador Barrios, 2013. "Fiscal equalisation schemes and sub-central government borrowing," Working Papers. Serie EC 2013-03, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (SAGE Publications).
If references are entirely missing, you can add them using this form.