How pro-cyclical is the fiscal policy of Argentine provinces? Evidence for the period 1998- 2017
This paper provides evidence on the fiscal policy prociclicality of Argentina's subnational districts. I estimate an error correction model using a panel spanning 20 years (1998 – 2017) and all 24 districts. I find that fiscal policy of subnational jurisdictions is procyclical in all main categ...
Guardado en:
| Autor principal: | |
|---|---|
| Formato: | Artículo revista |
| Lenguaje: | Español |
| Publicado: |
Facultad de Ciencias Económicas. Instituto de Economía y Finanzas
2021
|
| Materias: | |
| Acceso en línea: | https://revistas.unc.edu.ar/index.php/acteconomica/article/view/32919 |
| Aporte de: |
| id |
I10-R10article-32919 |
|---|---|
| record_format |
ojs |
| institution |
Universidad Nacional de Córdoba |
| institution_str |
I-10 |
| repository_str |
R-10 |
| container_title_str |
Revistas de la UNC |
| language |
Español |
| format |
Artículo revista |
| topic |
fiscal policy pro-cyclicality Argentina política fiscal prociclicidad Argentina |
| spellingShingle |
fiscal policy pro-cyclicality Argentina política fiscal prociclicidad Argentina Meloni, Osvaldo How pro-cyclical is the fiscal policy of Argentine provinces? Evidence for the period 1998- 2017 |
| topic_facet |
fiscal policy pro-cyclicality Argentina política fiscal prociclicidad Argentina |
| author |
Meloni, Osvaldo |
| author_facet |
Meloni, Osvaldo |
| author_sort |
Meloni, Osvaldo |
| title |
How pro-cyclical is the fiscal policy of Argentine provinces? Evidence for the period 1998- 2017 |
| title_short |
How pro-cyclical is the fiscal policy of Argentine provinces? Evidence for the period 1998- 2017 |
| title_full |
How pro-cyclical is the fiscal policy of Argentine provinces? Evidence for the period 1998- 2017 |
| title_fullStr |
How pro-cyclical is the fiscal policy of Argentine provinces? Evidence for the period 1998- 2017 |
| title_full_unstemmed |
How pro-cyclical is the fiscal policy of Argentine provinces? Evidence for the period 1998- 2017 |
| title_sort |
how pro-cyclical is the fiscal policy of argentine provinces? evidence for the period 1998- 2017 |
| description |
This paper provides evidence on the fiscal policy prociclicality of Argentina's subnational districts. I estimate an error correction model using a panel spanning 20 years (1998 – 2017) and all 24 districts. I find that fiscal policy of subnational jurisdictions is procyclical in all main categories of public expenditure and tax revenue except for automatic transfers, which have no statistical significance. The response of spending to the contemporary growth of the economic activity is greater than that estimated by Meloni (2018) for the period 1985-2007, similar to the ones obtained by Abbott et al. (2015) for Mexican states and lower than Arena and Revilla (2009) for Brazilian states. My estimates confirm that total resources are also procyclical with discretionary transfers being the most procyclically. |
| publisher |
Facultad de Ciencias Económicas. Instituto de Economía y Finanzas |
| publishDate |
2021 |
| url |
https://revistas.unc.edu.ar/index.php/acteconomica/article/view/32919 |
| work_keys_str_mv |
AT meloniosvaldo howprocyclicalisthefiscalpolicyofargentineprovincesevidencefortheperiod19982017 AT meloniosvaldo cuanprociclicaeslapoliticafiscaldelasprovinciasargentinasevidenciaparaelperiodo19982017 |
| bdutipo_str |
Revistas |
| _version_ |
1764819784557395969 |