Economic and Politico-Institutional Variables Applied to the Analysis of Subnational Public Spending in Argentina

24 Pages Posted: 14 Feb 2012

See all articles by Ernesto Rezk

Ernesto Rezk

Universidad Nacional de Córdoba

Date Written: March 29, 2007

Abstract

The econometric analysis based on a fixed effect panel data model for the period 1993-2004, aimed at ascertaining whether the public spending of Argentine provinces was influenced by economic and fiscal variables and also by politico-institutional variables such as provinces´ political sign, governors´ possibility of reelection, structure of legislatures and provisions limiting public spending and public debt or conditioning the use of credit. While estimated regression coefficients for fiscal effort, financial sufficiency, transfers and public debt were significantly different from 0, results fell short of being conclusive for the other variables, except for provincial political alignment with the central government, possibility of reelection and limits upon debt.

Keywords: subnational public spending, accountability, financial autonomy and sufficiency, politico-institutional variables, fixed effect panel data model[comma separated]

JEL Classification: H 72, H 11

Suggested Citation

Rezk, Ernesto, Economic and Politico-Institutional Variables Applied to the Analysis of Subnational Public Spending in Argentina (March 29, 2007). Available at SSRN: https://ssrn.com/abstract=2004451 or http://dx.doi.org/10.2139/ssrn.2004451

Ernesto Rezk (Contact Author)

Universidad Nacional de Córdoba ( email )

Av. Haya de la Tore s/n
Pabellon Argentina
Cordoba, Córdoba 5000
Argentina

Register to save articles to
your library

Register

Paper statistics

Downloads
21
Abstract Views
387
PlumX Metrics