Productivity of public expenditure and optimal government size: The case of the chilean regions
The understanding of the structure and behavior of the government, in the economy, strengthen and guide benign public policies for economic and social well-being. For this, in this paper the optimal, size of government for the economics of the chilean regional governments is estimated through the me...
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Facultad de Ciencias Económicas. Instituto de Economía y Finanzas
2022
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| Acceso en línea: | https://revistas.unc.edu.ar/index.php/acteconomica/article/view/38184 |
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I10-R369-article-381842022-10-09T16:06:29Z Productivity of public expenditure and optimal government size: The case of the chilean regions Productividad del gasto público y tamaño óptimo del gobierno: El caso de las regiones chilenas Manriquez Méndez, Leonardo Esteban public expenditure productivity of public expenditure optimal government size gasto público productividad del gasto público tamaño óptimo de gobierno The understanding of the structure and behavior of the government, in the economy, strengthen and guide benign public policies for economic and social well-being. For this, in this paper the optimal, size of government for the economics of the chilean regional governments is estimated through the methodology employed by Karras (1996). The results show the existence of productive public spending in the Chilean regions and consider that in the case of regions with greater economic development, public spending is under-provided and in regions with less economic development, over-provisioned. The optimal national size of government for regional economies is 4.84% and, specifically, 5.8% for regions with greater economic development and 4.0% for regions with less economic development. In this context, an inverse relationship was found between the productivity of public spending and the size of government for regions with greater economic development. The size of the Chilean regional governments is below the estimated optimal level, with the exception of two regions. Therefore, for regions that do not reach the optimum, there is room for an increase in public spending in a benign way for economic growth. La comprensión de la estructura y comportamiento del gobierno, en economía, fortalecen y orientan las políticas públicas benignas para el bienestar económico y social. Por esto, en este trabajo se estima el tamaño óptimo de gobierno para las economías de los gobiernos regionales chilenos. Los resultados arrojan la existencia de un gasto público productivo en las regiones chilenas y consideran que para el caso de regiones con mayor desarrollo económico el gasto público se encuentra sub-provisto y en regiones con menor desarrollo económico, sobre-provisto. El tamaño óptimo nacional de gobierno para las economías regionales es de un 4,84% y, específicamente, un 5,8% para regiones con mayor desarrollo económico y 4,0% para regiones con menor desarrollo económico. En este contexto, se encontró una relación inversa entre la productividad del gasto público y el tamaño de gobierno para regiones con mayor desarrollo económico. El tamaño de los gobiernos regionales chilenos está por debajo del nivel óptimo estimado, con la excepción de dos regiones. Por lo tanto, para regiones, que están bajo el óptimo, hay espacio fiscal para aumentar en el gasto público de una manera benigna para el crecimiento económico. Facultad de Ciencias Económicas. Instituto de Economía y Finanzas 2022-07-01 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Articles Artículos application/pdf https://revistas.unc.edu.ar/index.php/acteconomica/article/view/38184 Actualidad Económica; Vol. 32 No. 106 (2022): January-April; 7-15 Actualidad Económica; Vol. 32 Núm. 106 (2022): Enero - Abril; 7-15 2250-754X 0327-585X spa https://revistas.unc.edu.ar/index.php/acteconomica/article/view/38184/38057 https://creativecommons.org/licenses/by-nc-nd/4.0 |
| institution |
Universidad Nacional de Córdoba |
| institution_str |
I-10 |
| repository_str |
R-369 |
| container_title_str |
Actualidad Económica |
| language |
Español |
| format |
Artículo revista |
| topic |
public expenditure productivity of public expenditure optimal government size gasto público productividad del gasto público tamaño óptimo de gobierno |
| spellingShingle |
public expenditure productivity of public expenditure optimal government size gasto público productividad del gasto público tamaño óptimo de gobierno Manriquez Méndez, Leonardo Esteban Productivity of public expenditure and optimal government size: The case of the chilean regions |
| topic_facet |
public expenditure productivity of public expenditure optimal government size gasto público productividad del gasto público tamaño óptimo de gobierno |
| author |
Manriquez Méndez, Leonardo Esteban |
| author_facet |
Manriquez Méndez, Leonardo Esteban |
| author_sort |
Manriquez Méndez, Leonardo Esteban |
| title |
Productivity of public expenditure and optimal government size: The case of the chilean regions |
| title_short |
Productivity of public expenditure and optimal government size: The case of the chilean regions |
| title_full |
Productivity of public expenditure and optimal government size: The case of the chilean regions |
| title_fullStr |
Productivity of public expenditure and optimal government size: The case of the chilean regions |
| title_full_unstemmed |
Productivity of public expenditure and optimal government size: The case of the chilean regions |
| title_sort |
productivity of public expenditure and optimal government size: the case of the chilean regions |
| description |
The understanding of the structure and behavior of the government, in the economy, strengthen and guide benign public policies for economic and social well-being. For this, in this paper the optimal, size of government for the economics of the chilean regional governments is estimated through the methodology employed by Karras (1996). The results show the existence of productive public spending in the Chilean regions and consider that in the case of regions with greater economic development, public spending is under-provided and in regions with less economic development, over-provisioned. The optimal national size of government for regional economies is 4.84% and, specifically, 5.8% for regions with greater economic development and 4.0% for regions with less economic development. In this context, an inverse relationship was found between the productivity of public spending and the size of government for regions with greater economic development. The size of the Chilean regional governments is below the estimated optimal level, with the exception of two regions. Therefore, for regions that do not reach the optimum, there is room for an increase in public spending in a benign way for economic growth. |
| publisher |
Facultad de Ciencias Económicas. Instituto de Economía y Finanzas |
| publishDate |
2022 |
| url |
https://revistas.unc.edu.ar/index.php/acteconomica/article/view/38184 |
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2024-09-03T22:59:07Z |
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2024-09-03T22:59:07Z |
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