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Efectos del nuevo Sistema General de Regalías sobre el desempeno fiscal municipal: un análisis dosis-respuesta

Author

Listed:
  • Jaime Bonet
  • Karelys Guzmán Finol
  • Joaquín Urrego
  • Juan Miguel Villa

Abstract

En este documento se evalúan los efectos de la implementación del Sistema General de Regalías sobre el desempeno fiscal municipal en 2012, para una muestra de 1.025 municipios, a través del análisis dosis-respuesta. Se encontró que en el 93% de las entidades territoriales de la muestra, donde la participación de las regalías en sus ingresos totales es menor o igual al 20%, el desempeno fiscal, medido por medio de diversos indicadores se deteriora a medida que se incrementa la dependencia de regalías. Por el contrario, si dicha participación es superior al 20%, el desempeno fiscal mejora pero la magnitud de la inversión se deteriora. Teniendo en cuenta que la reforma asignó recursos pero no garantizó su apropiación por parte de los entes territoriales, los resultados pueden explicarse por la baja ejecución las regalías durante el 2012.******ABSTRACT: This paper evaluates the effects of the implementation of the General Royalties System on the fiscal performance at the municipality level in 2012 employing a dose-response analysis, for a sample of 1,025 municipalities. It was found that in the 93% of municipalities, where the proportion of royalties in their total revenues are less or equal to 20%, the fiscal performance measured by several indexes worsens, while the dependency on the royalties increases. On the other hand, if such proportion is higher than 20% the fiscal performance improves but the local investment falls. Given that the reform assigned resources but did not guarantee their appropriation by the municipalities, these results can be explained by the low execution of royalties during 2012.

Suggested Citation

  • Jaime Bonet & Karelys Guzmán Finol & Joaquín Urrego & Juan Miguel Villa, 2014. "Efectos del nuevo Sistema General de Regalías sobre el desempeno fiscal municipal: un análisis dosis-respuesta," Documentos de Trabajo Sobre Economía Regional y Urbana 11594, Banco de la República, Economía Regional.
    • Handle: RePEc:col:000102:011594
    DOI: 10.32468/dtseru.203
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    Cited by:

    1. Jaime Bonet-Morón & Gerson Javier Pérez-Valbuena & Luis Montero-Mestre, 2018. "Las finanzas públicas territoriales en Colombia: dos décadas de cambios," Documentos de Trabajo Sobre Economía Regional y Urbana 16258, Banco de la República, Economía Regional.
    2. Leonardo Bonilla-Mejía & Iván Higuera-Mendieta, 2017. "Political Alignment in the Time of Weak Parties: Electoral Advantages and Subnational Transfers in Colombia," Documentos de trabajo sobre Economía Regional y Urbana 260, Banco de la Republica de Colombia.
    3. Juan Mauricio Ramírez & Juan Guillermo Bedoya, 2014. "Regalías directas por hidrocarburos y esfuerzo fiscal municipal en Colombia," Coyuntura Económica, Fedesarrollo, December.
    4. Karelys Guzmán-Finol & Ana María Estrada-Jabela, 2016. "Los gobiernos departamentales y la inversión de regalías en Colombia: Un análisis descriptivo, 2012 - 2015," Revista Economía y Región, Universidad Tecnológica de Bolívar, vol. 10(1), pages 119-163, June.
    5. Karelys Guzmán-Finol & Ana María Estrada-Jabela, 2016. "Los gobiernos departamentales y la inversión de regalías en Colombia," Documentos de trabajo sobre Economía Regional y Urbana 236, Banco de la Republica de Colombia.

    More about this item

    Keywords

    análisis dosis-respuesta; desempeño fiscal; Generalized Propensity Score; Sistema General de Regalías.;
    All these keywords.

    JEL classification:

    • H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
    • H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue
    • Q38 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Government Policy (includes OPEC Policy)

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