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Ayuda al desarrollo y repuesta fiscal en Centroamérica

Listed author(s):
  • Gozalo-Delgado, Mariola

    (Universidad de Burgos)

  • Rueda-Junquera Fernando

    (Universidad de Burgos)

Registered author(s):

    In the current global financial crisis, the improvement of aid effectiveness has become a priority for both donors and recipient countries. In this context, understand-ing the way in which recipient governments use aid is a crucial issue to assess its effectiveness. This article develops and estimates a fiscal response model with anticipated aid, being Costa Rica and Nicaragua the countries selected as case studies. The main assumption of the theoretical model is that some aid can be anticipated by the recipient governments, and so, it may have influence on their budgetary planning. The model estimation reveals a different fiscal response in each country, but with a common result in both countries: the foreign aid is predominantly earmarked for supporting the stabilisation function of fiscal policy, alleviating the needs of public financing.// En la actual etapa de crisis financiera global la mejora de la eficacia de la ayuda se ha convertido en una prioridad tanto para los donantes como para los países receptores. En este contexto, comprender la manera en la que los gobiernos receptores utilizan la ayuda es una cuestión decisiva para valorar su eficacia. Este artículo desarrolla y estima un modelo de respuesta fiscal con ayuda anticipada. Costa Rica y Nicaragua son los países seleccionados como estudios de caso. El supuesto principal del modelo teórico es que parte de la ayuda puede ser anticipada por los gobiernos y, por tanto, puede influir en su programación presupuestaria. La estimación de este modelo revela una respuesta fiscal diferente en cada país, pero con un resultado común en ambos: la ayuda se destina fundamentalmente a apoyar la función de estabilización de la política fiscal, aliviando las necesidades de financiación pública.

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    Article provided by Fondo de Cultura Económica in its journal El Trimestre Económico.

    Volume (Year): LXXVIII (1) (2011)
    Issue (Month): 309 (enero-marzo)
    Pages: 143-171

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    Handle: RePEc:elt:journl:v:78:y:2011:i:309:p:143-171
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