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El efecto estabilizador de la financiación autonómica

Author

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  • Hierro Recio, Luis Ángel

    (Universidad de Sevilla)

  • Atienza Montero , Pedro

    () (Universidad de Sevilla)

Abstract

El presente trabajo tiene por objetivo estimar el efecto estabilizador de la financiación autonómica en España sobre los ciclos económicos autonómicos, tanto en su conjunto como considerando individualmente cada Comunidad Autónoma y distinguiendo el efecto producido por los impuestos y por las transferencias. Además distinguimos entre un escenario considerando la financiación real proveniente de los recursos de los modelos de financiación y otro alternativo considerando la financiación estandarizada. Para la estimación agregada realizamos una estimación por Mínimos Cuadrados Generalizados a un panel de datos para el periodo total 1987-2010. Para la estimación individualizada del efecto estabilizador en cada Comunidad Autónoma, empleamos la técnica de Seemingly Unrelated Regression (SUR) en el caso del periodo total. Los resultados obtenidos muestran que el efecto estabilizador del total de recursos para el periodo total es del 6,9% y 5,1% según usemos uno u otro escenario y que el efecto es asimétrico y de mayor amplitud que a nivel agregado cuando se calcula para cada Comunidad.

Suggested Citation

  • Hierro Recio, Luis Ángel & Atienza Montero , Pedro, 2015. "El efecto estabilizador de la financiación autonómica," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 31, pages 75-100.
  • Handle: RePEc:ris:invreg:0283
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    References listed on IDEAS

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    2. Edward L. Glaeser, 2005. "Urban Colossus: Why is New York America's Largest City?," Harvard Institute of Economic Research Working Papers 2073, Harvard - Institute of Economic Research.
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    6. Edward L. Glaeser, 2005. "Urban Colossus: Why is New York America's Largest City?," NBER Working Papers 11398, National Bureau of Economic Research, Inc.
    7. Monica Brezzi & Lewis Dijkstra & Vicente Ruiz, 2011. "OECD Extended Regional Typology: The Economic Performance of Remote Rural Regions," OECD Regional Development Working Papers 2011/6, OECD Publishing.
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    More about this item

    Keywords

    Financiación autonómica; efecto estabilizador; ciclos económicos asimétricos;

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue

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