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

dc.contributor.author	Meloni, Osvaldo
dc.date.accessioned	2022-03-21T13:09:27Z
dc.date.available	2022-03-21T13:09:27Z
dc.date.issued	2018-11-16
dc.identifier.citation	Public Finance and Management ISSN 1523-9721 Volume 18, Number 3-4, pp. 265-284 2018	es_ES
dc.identifier.issn	1523-9721
dc.identifier.uri	http://repositorio.face.unt.edu.ar:8920/xmlui/handle/123456789/661
dc.description.abstract	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.	es_ES
dc.description.sponsorship	Universidad Nacional de Tucumán	es_ES
dc.language.iso	en	es_ES
dc.publisher	Public Finance and Management	es_ES
dc.subject	fiscal policy, procyclicality, subnational districts, Argentina	es_ES
dc.title	TURNING A BLIND EYE TO POLICY PRESCRIPTIONS: EXPLORING THE SOURCES OF PROCYCLICAL FISCAL BEHAVIOR AT THE SUBNATIONAL LEVEL	es_ES
dc.type	Article	es_ES