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La capacidad redistributiva y estabilizadora del presupuesto del Gobierno Central Español

  • Núria Bosch


    (Institut d'Economia de Barcelona (IEB); Universitat de Barcelona (UB))

  • Marta Espasa


    (Institut d'Economia de Barcelona (IEB); Universitat de Barcelona (UB))

  • Pilar Sorribas


    (Institut d'Economia de Barcelona (IEB); Universitat de Barcelona (UB))

The aim of this study is to estimate the redistributive and stabiliser/insurance effects of the Spanish central government budget at regional level during the 1991-1996 period. This analysis is carried out for the whole budget as well as for the main items of revenue and expenditure. The methodology used is a panel data econometric model. The main conclusion is that this budget has more redistributive power than stabiliser/insurance, having in both cases expenditures higher power than revenues.

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Paper provided by Institut d'Economia de Barcelona (IEB) in its series Working Papers with number 2002/1.

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Length: 39 pages
Date of creation: 2002
Date of revision:
Handle: RePEc:ieb:wpaper:151325art116
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  1. Bayoumi, Tamim & Masson, Paul R, 1994. "Fiscal Flows in the United States and Canada: Lessons for Monetary Union in Europe," CEPR Discussion Papers 1057, C.E.P.R. Discussion Papers.
  2. Nuria Bosch & Marta Espasa & Pilar Sorribas, 2002. "The redistributive, stabiliser and insurance effects at territorial level of "federal" government budgets," Working Papers 2002/5, Institut d'Economia de Barcelona (IEB).
  3. Marta Espasa, 2001. "Territorial redistribution through the EU budget. Empirical evidence at national and regional levels," Working Papers 2001/1, Institut d'Economia de Barcelona (IEB).
  4. Kao, Chihwa, 1999. "Spurious regression and residual-based tests for cointegration in panel data," Journal of Econometrics, Elsevier, vol. 90(1), pages 1-44, May.
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