TURNING A BLIND EYE TO POLICY PRESCRIPTIONS: EXPLORING THE SOURCES OF PROCYCLICAL FISCAL BEHAVIOR AT THE SUBNATIONAL LEVEL

This paper analyses the fiscal behavior of subnational districts in Argentina over the business cycle. I address two questions. Is the fiscal policy of Argentine districts procyclical? If so, what is the theory that best explains procyclicality? The answers come from the estimation of an error cor...

Descripción completa

Detalles Bibliográficos
Autor principal: Meloni, Osvaldo
Formato: Artículo
Lenguaje:Inglés
Publicado: Public Finance and Management 2022
Materias:
fiscal policy, procyclicality, subnational districts, Argentina
Acceso en línea:https://riunt.unt.edu.ar/handle/123456789/97
Aporte de:
Repositorio institucional digital (UNT) de Universidad Nacional de Tucumán
id I91-R383-123456789-97
record_format dspace
spelling I91-R383-123456789-972025-04-28T16:13:19Z TURNING A BLIND EYE TO POLICY PRESCRIPTIONS: EXPLORING THE SOURCES OF PROCYCLICAL FISCAL BEHAVIOR AT THE SUBNATIONAL LEVEL Meloni, Osvaldo fiscal policy, procyclicality, subnational districts, Argentina This paper analyses the fiscal behavior of subnational districts in Argentina over the business cycle. I address two questions. Is the fiscal policy of Argentine districts procyclical? If so, what is the theory that best explains procyclicality? The answers come from the estimation of an error correction model of a panel that spans 23 years and 24 districts. I found that all categories of public expenditures, except for capital expenditures, were procyclical. The main sources of procyclicality are the political networks, changes in the amount of oil, gas and mining grants, federal interventions, and discretionary intergovernmental transfers. Universidad Nacional de Tucumán 2022-03-21T13:09:27Z 2024-09-11T14:19:48Z 2022-03-21T13:09:27Z 2018-11-16 Article Public Finance and Management ISSN 1523-9721 Volume 18, Number 3-4, pp. 265-284 2018 1523-9721 https://riunt.unt.edu.ar/handle/123456789/97 en application/pdf Public Finance and Management
institution Universidad Nacional de Tucumán
institution_str I-91
repository_str R-383
collection Repositorio institucional digital (UNT)
language Inglés
topic fiscal policy, procyclicality, subnational districts, Argentina
spellingShingle fiscal policy, procyclicality, subnational districts, Argentina
Meloni, Osvaldo
TURNING A BLIND EYE TO POLICY PRESCRIPTIONS: EXPLORING THE SOURCES OF PROCYCLICAL FISCAL BEHAVIOR AT THE SUBNATIONAL LEVEL
topic_facet fiscal policy, procyclicality, subnational districts, Argentina
description This paper analyses the fiscal behavior of subnational districts in Argentina over the business cycle. I address two questions. Is the fiscal policy of Argentine districts procyclical? If so, what is the theory that best explains procyclicality? The answers come from the estimation of an error correction model of a panel that spans 23 years and 24 districts. I found that all categories of public expenditures, except for capital expenditures, were procyclical. The main sources of procyclicality are the political networks, changes in the amount of oil, gas and mining grants, federal interventions, and discretionary intergovernmental transfers.
format Article
author Meloni, Osvaldo
author_facet Meloni, Osvaldo
author_sort Meloni, Osvaldo
title TURNING A BLIND EYE TO POLICY PRESCRIPTIONS: EXPLORING THE SOURCES OF PROCYCLICAL FISCAL BEHAVIOR AT THE SUBNATIONAL LEVEL
title_short TURNING A BLIND EYE TO POLICY PRESCRIPTIONS: EXPLORING THE SOURCES OF PROCYCLICAL FISCAL BEHAVIOR AT THE SUBNATIONAL LEVEL
title_full TURNING A BLIND EYE TO POLICY PRESCRIPTIONS: EXPLORING THE SOURCES OF PROCYCLICAL FISCAL BEHAVIOR AT THE SUBNATIONAL LEVEL
title_fullStr TURNING A BLIND EYE TO POLICY PRESCRIPTIONS: EXPLORING THE SOURCES OF PROCYCLICAL FISCAL BEHAVIOR AT THE SUBNATIONAL LEVEL
title_full_unstemmed TURNING A BLIND EYE TO POLICY PRESCRIPTIONS: EXPLORING THE SOURCES OF PROCYCLICAL FISCAL BEHAVIOR AT THE SUBNATIONAL LEVEL
title_sort turning a blind eye to policy prescriptions: exploring the sources of procyclical fiscal behavior at the subnational level
publisher Public Finance and Management
publishDate 2022
url https://riunt.unt.edu.ar/handle/123456789/97
work_keys_str_mv AT meloniosvaldo turningablindeyetopolicyprescriptionsexploringthesourcesofprocyclicalfiscalbehavioratthesubnationallevel
_version_ 1834130126336425984

Ejemplares similares