Transformación económica desde la óptica fiscal. ¿Puede existir un equilibrio entre el corto, mediano y largo plazo para fomentar el desarrollo?
[Fiscal view of economic transformation: Can exist and equilibrium between short, medium and long run for boosting development?]
AbstractThis paper computes the fiscal stance in a small open economy and asses its position to relevant macroeconomic variables in order to protect the macroeconomic stability and promote development. Since 2006 change in income and tax structure shifts the implementation of fiscal policy, increasing fiscal space and its activeness to apply policy. To get the fiscal stance we apply two different methods and use the method proposed by Bates-Granger to obtain its optimal combination. The results show that fiscal policy was contractionary and expansionary over the cycle to inflation, output gap and gross capital formation, leading improvements in poverty and inequality indicators enabling greater economic and social development.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 43087.
Date of creation: 09 Nov 2012
Date of revision:
Fiscal policy; tax income; debt; economic development; inequality;
Find related papers by JEL classification:
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
- H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
- O23 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-12-15 (All new papers)
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- repec:idb:brikps:73838 is not listed on IDEAS
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