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El Fondo de Compensación Interterritorial: Análisis y propuestas de reforma
[The Spanish Inter-Territorial Compensation Fund: Analysis and reform proposals]

Author

Listed:
  • Fernández-Leiceaga, Xoaquin
  • Lago-Peñas, Santiago
  • Álvarez-Corbacho, Xoaquín

Abstract

The aim of this paper is twofold. First, we analyze the Inter-territorial Compensation Fund (ICF) as a regional policy instrument contemplated in the 1978 Spanish Constitution. Attention is focused on the period 1990-2013. Both the drivers of the ICF and its impact on regional public investment are analyzed. Second, a reform proposal is discussed, involving changes in ICF total amount in order to compensate the decline of the flow of European funds to Spain. The criteria to become a beneficiary region and the distribution of grants are also discussed. Finally, we stress the need to improve planning, efficiency, and transparency in using ICF resources.

Suggested Citation

  • Fernández-Leiceaga, Xoaquin & Lago-Peñas, Santiago & Álvarez-Corbacho, Xoaquín, 2013. "El Fondo de Compensación Interterritorial: Análisis y propuestas de reforma [The Spanish Inter-Territorial Compensation Fund: Analysis and reform proposals]," MPRA Paper 51107, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:51107
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    References listed on IDEAS

    as
    1. Mas Ivars Matilde & Pérez García Francisco & Uriel Jiménez Ezequiel, 2012. "El stock y los servicios de capital en España y su distribución territorial y sectorial (1964-2010)," Working Papers 2012109, Fundacion BBVA / BBVA Foundation.
    2. Dumitrescu, Elena-Ivona & Hurlin, Christophe, 2012. "Testing for Granger non-causality in heterogeneous panels," Economic Modelling, Elsevier, vol. 29(4), pages 1450-1460.
    3. Mas Ivars Matilde & Pérez García Francisco & Uriel Jiménez Ezequiel, 2005. "El stock de capital en España y su distribución territorial (1964-2002)," Books, Fundacion BBVA / BBVA Foundation, edition 0, number 201146, October.
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    Cited by:

    1. Vallés-Giménez, Jaime & Zárate-Marco, Anabel, 2017. "Fungibility and bandwagon effects of capital transfers in a federal context," Economics Discussion Papers 2017-46, Kiel Institute for the World Economy (IfW Kiel).

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    More about this item

    Keywords

    Capital grants; regional policy; intergovernmental relations;
    All these keywords.

    JEL classification:

    • H73 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Interjurisdictional Differentials and Their Effects
    • H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R42 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government and Private Investment Analysis; Road Maintenance; Transportation Planning

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