Alternative models to explain the evolution of Spanish public spending

To study the evolution of public spending in Spain during 1964-2016, this article empirically con-trasts different alternative models, with variables from both the supply and demands sides, The usual methodology of unit roots and cointegration in time series is used to contrast models, using as a basis autoregressive distributed delay models for the long term and error correction models for the short term. Of the three models that were taken in account, the one that best explains the behavior of the Spanish public sector is the public finance model to which the explanatory bureau-cracy variable has been added.

• Fecha de publicación: 2019
• Institución: Universidad de Medellín
• Repositorio: Repositorio UDEM
• Idioma: spa
• OAI Identifier: oai:repository.udem.edu.co:11407/5597
• Acceso en línea: http://hdl.handle.net/11407/5597; https://doi.org/10.22395/seec.v22n51a8
• Palabra clave: Public spending; Public finance model; Public choice model; Public administration model; Unit roots; Cointegration; Gasto público; Modelo de finanças públicas; Modelo de eleição pública; Modelo de administração pública; Raízes unitárias; Cointegração; Gasto público; Modelo de hacienda pública; Modelo de elección pública; Modelo de administración pública; Raíces unitarias; Cointegración
• License: http://creativecommons.org/licenses/by-nc/4.0