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Cálculo de los componentes estructurales del déficit público español (1992-2015)/Calculating the Structural Components of the Spanish Public Deficit (1992-2015)



    () (Universidad de Sevilla, Cátedra de Política de la Competencia, Avda. Ramón y Cajal, 1, 41018 Sevilla, España.)


    () (Universidad de Sevilla, Facultad de CC.EE., Avda. Ramón y Cajal, 1, 41018 Sevilla, España.)


    () (Universidad de Sevilla, Cátedra de Política de la Competencia, Avda. Ramón y Cajal, 1, 41018 Sevilla, España.)


La entrada en recesión de la economía española en 2009 reavivó el debate sobre el papel del déficit público en el devenir económico, aunque poco se ha profundizado sobre las causas y la naturaleza de los desequilibrios en las cuentas públicas. Mediante un detenido estudio de los presupuestos y la elaboración de un modelo de regresión, desagregando las componentes principales del saldo presupuestario, abordaremos dicha cuestión. Contrariamente al relato popular, nuestros resultados indican cómo la estabilidad presupuestaria fue el hecho coyuntural y la existencia de un déficit primario durante el periodo 1992-2015 del 3,30% del PIB de media, la regla. As the Spanish economy slid into recession during 2009, the debate over the role of the public deficit came into the spotlight once again. However, there has been little emphasis on determining the causes and the nature of the imbalances in the government?s accounts. We study the structure of aggregate public budgets and use regression analysis to address these two issues. Contrary to the conventional wisdom, our results show that budget?s stability was transitory and that, in reality, an average primary deficit of 3,30% of GDP prevailed throughout the years between 1992 and 2015.

Suggested Citation

  • Martínez Fernández, Ignacio & Palma Martos, Luis & Chase Solán, Christian, 2016. "Cálculo de los componentes estructurales del déficit público español (1992-2015)/Calculating the Structural Components of the Spanish Public Deficit (1992-2015)," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 34, pages 667-682, Agosto.
  • Handle: RePEc:lrk:eeaart:34_3_9

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    References listed on IDEAS

    1. Barro, Robert J & Gordon, David B, 1983. "A Positive Theory of Monetary Policy in a Natural Rate Model," Journal of Political Economy, University of Chicago Press, vol. 91(4), pages 589-610, August.
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    More about this item


    Déficit Público; Déficit Financiero; Déficit Estructural; Deuda Pública ; Public Deficit; Financial Deficit; Structural Deficit; Public Debt.;

    JEL classification:

    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus


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