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Sobre las estimaciones econométricas de las necesidades de gasto autonómicas: ¿son suficientemente robustas?

Author

Listed:
  • Lago Peñas, Santiago

    (Universidade de Vigo)

  • Vaquero García, Alberto

    (Universidade de Vigo)

Abstract

The aim of this paper is to identify and quantify econometrically the determinants of the spending needs of the Autonomous Communities. The combination of individual fixed effects that capture unobservable inter-territorial differences in spending preferences or efficiency, on the one hand, with expenditure determinants of low variability, on the other poses problems for traditional estimators. To overcome this limitation, alternative econometric specifications and estimators are explored. The results show that the estimated coefficients and their significance change substantially, not being able to guarantee the necessary robustness to sustain an adequate political discussion. Therefore, it is necessary to bet on other strategies for empirical work that allow us to the spending preferences of the Autonomous Communities.

Suggested Citation

  • Lago Peñas, Santiago & Vaquero García, Alberto, 2023. "Sobre las estimaciones econométricas de las necesidades de gasto autonómicas: ¿son suficientemente robustas?," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 56, pages 139-159.
    • Handle: RePEc:ris:invreg:0511
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    References listed on IDEAS

    as
    1. Sebastian Kripfganz & Claudia Schwarz, 2019. "Estimation of linear dynamic panel data models with time‐invariant regressors," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 34(4), pages 526-546, June.
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    3. José Sánchez Maldonado & Carmen Molina Garrido & Carmina Ordóñez de Haro & Carlos Rivas Sánchez, 2008. "La distribución territorial de las necesidades relativas de gasto sanitario: una estimación," Economic Reports 21-08, FEDEA.
    4. Santiago Lago-Peñas, 2008. "Estimating Spending Needs In Federal Countries: A Methodological Suggestion," Economics Bulletin, AccessEcon, vol. 8(4), pages 1-5.
    5. Nickell, Stephen J, 1981. "Biases in Dynamic Models with Fixed Effects," Econometrica, Econometric Society, vol. 49(6), pages 1417-1426, November.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Regional spending; preferences; inter-territorial differences; individual effects;
    All these keywords.

    JEL classification:

    • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures
    • H73 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Interjurisdictional Differentials and Their Effects

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