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The Special Economic Allocations Law and its role in the oil fiscal income distribution (1998-2006)

Author

Listed:
  • Gladys Cáceres F.

    (Universidad de Los Andes. Grupo de Investigación sobre Gerencia, Agricultura y Ambiente.)

  • Helena Hernández V.

    (Corporación de Los Andes (Corpoandes).)

Abstract

The new realities cause that the economic policies head, more and more, towards highest levels of productivity and efficiency. It is also necessary to apply this general condition to an economic issue of vital importance as it is the income distribution. In this preliminary study of the Venezuela’s characteristics and particularities of the distribution of incomes provided by the international hydrocarbon market, the allocation of income according to the Law of Special Economic Allocations is compared with the expenses made in transport and communications, education, culture, science and technology, housing and health, in a sample of oil and non-oil states during the 1998-2006 period.

Suggested Citation

  • Gladys Cáceres F. & Helena Hernández V., 2007. "The Special Economic Allocations Law and its role in the oil fiscal income distribution (1998-2006)," Economía, Instituto de Investigaciones Económicas y Sociales (IIES). Facultad de Ciencias Económicas y Sociales. Universidad de Los Andes. Mérida, Venezuela, vol. 32(23), pages 9-26, january-j.
    • Handle: RePEc:ula:econom:v:32:y:2007:i:23:p:9-26
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    More about this item

    Keywords

    Fiscal resources; income distribution; expenses; states; sectors.;
    All these keywords.

    JEL classification:

    • D - Microeconomics
    • D6 - Microeconomics - - Welfare Economics
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis

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