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Decentralization and Bailouts in Colombia

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Author Info
Juan José Echavarría Soto ()
Carolina Rentería
Roberto Ricardo Steiner Sampedro ()

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Abstract

INTRODUCTION Within the Latin American context Colombia is in a relatively advanced stage in terms of decentralization. According to the IDB (1997), it ranks third in the region after Argentina and Brazil, two countries organized as Federal States. While in 1995 average public expenditure allocated by sub-national governments amounted to 15% of total public expenditure in Latin America and to 35% in the OECD countries, it reached 39% in the case of Colombia. Economic activity is also very decentralized compared to other Latin American countries.

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Paper provided by FEDESARROLLO in its series INFORMES DE INVESTIGACIÓN with number 002252.

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Length: 69
Date of creation: 01 Jan 2002
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Handle: RePEc:col:000124:002252

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Ricardo Hausmann & Alberto Alesina & Rudolf Hommes & Ernesto H. Stein, 1998. "Budget Institutions and Fiscal Performance in Latin America," RES Working Papers 4160, Inter-American Development Bank, Research Department. [Downloadable!]
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  2. Kornai, Janos, 1986. "The Soft Budget Constraint," Kyklos, Blackwell Publishing, vol. 39(1), pages 3-30.
  3. Wildasin, David E., 1997. "Externalities and bailouts : hard and soft budget constraints in intergovernmental fiscal relations," Policy Research Working Paper Series 1843, The World Bank. [Downloadable!]
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  4. Alesina, Alberto & Roubini, Nouriel, 1992. "Political Cycles in OECD Economies," Review of Economic Studies, Blackwell Publishing, vol. 59(4), pages 663-88, October. [Downloadable!] (restricted)
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(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Miguel Braun & Luciano di Gresia, 2004. "Towards Effective Social Insurance in Latin America: The Importance of Countercyclical Fiscal Policy," Public Economics 0410001, EconWPA. [Downloadable!]
  2. Sebastian Katz, 2008. "Comentarios sobre las posibilidades de un nuevo programa macroeconómico entre Honduras y el Fondo Monetario Internacional," RES Working Papers 2014, Inter-American Development Bank, Research Department. [Downloadable!]
  3. Miguel Braun & Luciano di Gresia, 2003. "Hacia un sistema de seguro social eficaz en América Latina: la importancia de una política fiscal anticíclica," RES Working Papers 4334, Inter-American Development Bank, Research Department. [Downloadable!]
  4. Miguel Braun & Luciano di Gresia, 2003. "Towards Effective Social Insurance in Latin America: The Importance of Countercyclical Fiscal Policy," RES Working Papers 4333, Inter-American Development Bank, Research Department. [Downloadable!]
  5. Jaime Bonet, 2004. "Descentralización fiscal y disparidades en el ingreso regional: la experiencia colombiana," DOCUMENTOS DE TRABAJO SOBRE ECONOMÍA REGIONAL 002282, BANCO DE LA REPÚBLICA - ECONOMÍA REGIONAL. [Downloadable!]
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