Suchergebnisse

This paper presents evidence of the influence of political competition on the behavior of fiscal policy in Argentine provinces from 1987 to 2015. Contrary to the predominant theory and empirical evidence from subnational districts my estimations of a dynamic panel data show that political competition is associated with increases in public outlays and changes in its composition. This finding is strongly related to the large vertical fiscal imbalances that characterize the Argentine fiscal federalism. I conjecture that governors use the additional low-cost spending power given by federal transfers to feed clientelistic networks, increase public employment and direct subsidies to constituencies, thus enhancing their chances to remain in office.

This paper presents evidence of the influence of political competition on the behavior of fiscal policy in Argentine provinces from 1987 to 2015. Contrary to the predominant theory and empirical evidence from subnational districts my estimations of a dynamic panel data show that political competition is associated with increases in public outlays and changes in its composition. This finding is strongly related to the large vertical fiscal imbalances that characterize the Argentine fiscal federalism. I conjecture that governors use the additional low-cost spending power given by federal transfers to feed clientelistic networks, increase public employment and direct subsidies to constituencies, thus enhancing their chances to remain in office. ; Este trabajo presenta evidencia de la influencia de la competencia política en el comportamiento de la política fiscal en las provincias argentinas de 1987 a 2015. Contrariamente a lo que postula la teoría predominante y a la evidencia empírica de los distritos subnacionales, mis estimaciones de un panel dinámico muestran que la competencia política está asociada con aumentos en los desembolsos públicos y cambios en su composición. Este hallazgo está fuertemente relacionado con los grandes desequilibrios fiscales verticales que caracterizan al federalismo fiscal argentino. Conjeturo que los gobernadores utilizan el poder adicional de bajo costo dado por las transferencias federales para alimentar redes clientelares, aumentar el empleo público y los subsidios directos a su electorado, aumentando así sus posibilidades de permanecer en el cargo.

Instituciones y política fiscal / Osvaldo Meloni y Mariano Tomassi -- Ciclos electorales en política fiscal / Daniel Lema y Jorge Streb -- Federalismo fiscal y economía política de la descentralización / Cecilia Rumi -- Economía política de las transferencias : un análisis para Argentina con datos de panel / Ernesto Rezk, Ginette Lafit y Vanina Ricca -- El rol del Congreso en al política fiscal / José Bercoff y Jorge Nougués