The role of the sub-national public sector in the stabilization function: Evidence from the Colombian case for the period 1990/2001
El objetivo del documento es analizar el impacto de la descentralización fiscal en la función de estabilización. Aunque tradicionalmente la función de estabilización se ha atribuido al gobierno central, las autoridades regionales y locales desempeñan un papel en esta función en un contexto descentra...
- Autores:
-
Melo-Becerra, Ligia Alba
- Tipo de recurso:
- Article of journal
- Fecha de publicación:
- 2015
- Institución:
- Universidad Católica de Colombia
- Repositorio:
- RIUCaC - Repositorio U. Católica
- Idioma:
- spa
- OAI Identifier:
- oai:repository.ucatolica.edu.co:10983/17494
- Acceso en línea:
- https://hdl.handle.net/10983/17494
- Palabra clave:
- DESCENTRALIZACIÓN FISCAL
ESTABILIZACIÓN
TRANSFERENCIAS INTERGUBERNAMENTALES
GOBIERNOS SUBNACIONALES
- Rights
- openAccess
- License
- Derechos Reservados - Universidad Católica de Colombia, 2015
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The role of the sub-national public sector in the stabilization function: Evidence from the Colombian case for the period 1990/2001 |
| dc.title.translated.eng.fl_str_mv |
El papel del sector público subnacional en la función de estabilización: evidencia del caso colombiano para el período 1990-2001 |
| title |
The role of the sub-national public sector in the stabilization function: Evidence from the Colombian case for the period 1990/2001 |
| spellingShingle |
The role of the sub-national public sector in the stabilization function: Evidence from the Colombian case for the period 1990/2001 DESCENTRALIZACIÓN FISCAL ESTABILIZACIÓN TRANSFERENCIAS INTERGUBERNAMENTALES GOBIERNOS SUBNACIONALES |
| title_short |
The role of the sub-national public sector in the stabilization function: Evidence from the Colombian case for the period 1990/2001 |
| title_full |
The role of the sub-national public sector in the stabilization function: Evidence from the Colombian case for the period 1990/2001 |
| title_fullStr |
The role of the sub-national public sector in the stabilization function: Evidence from the Colombian case for the period 1990/2001 |
| title_full_unstemmed |
The role of the sub-national public sector in the stabilization function: Evidence from the Colombian case for the period 1990/2001 |
| title_sort |
The role of the sub-national public sector in the stabilization function: Evidence from the Colombian case for the period 1990/2001 |
| dc.creator.fl_str_mv |
Melo-Becerra, Ligia Alba |
| dc.contributor.author.spa.fl_str_mv |
Melo-Becerra, Ligia Alba |
| dc.subject.proposal.spa.fl_str_mv |
DESCENTRALIZACIÓN FISCAL ESTABILIZACIÓN TRANSFERENCIAS INTERGUBERNAMENTALES GOBIERNOS SUBNACIONALES |
| topic |
DESCENTRALIZACIÓN FISCAL ESTABILIZACIÓN TRANSFERENCIAS INTERGUBERNAMENTALES GOBIERNOS SUBNACIONALES |
| description |
El objetivo del documento es analizar el impacto de la descentralización fiscal en la función de estabilización. Aunque tradicionalmente la función de estabilización se ha atribuido al gobierno central, las autoridades regionales y locales desempeñan un papel en esta función en un contexto descentralizado. El análisis se centra en el papel que los gobiernos sub-nacionales desempeñan para contrarrestar la política cíclica y en la relación entre descentralización y la posición fiscal de los gobiernos nacionales y subnacionales. En particular, la estabilización y redistribución que las regiones obtienen mediante la política tributaria nacional y el sistema de transferencias intergubernamentales se estima para Colombia, donde los déficit aumentaron sustancialmente, tanto a nivel nacional como local después de que el proceso de descentralización se fortaleció en 1991. |
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2015 |
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2015-07 |
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2018-09-12T20:56:42Z |
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2018-09-12T20:56:42Z |
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Melo-Becerra, L. (2015). El papel del sector público subnacional en la función de estabilización: evidencia del caso colombiano para el período 1990-2001. Revista Finanzas y Política Económica, 7 (2), 299-324. Recuperado de https://editorial.ucatolica.edu.co/ojsucatolica/revistas_ucatolica/index.php/RFYPE/article/view/1057/1093 |
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Melo-Becerra, L. (2015). El papel del sector público subnacional en la función de estabilización: evidencia del caso colombiano para el período 1990-2001. Revista Finanzas y Política Económica, 7 (2), 299-324. Recuperado de https://editorial.ucatolica.edu.co/ojsucatolica/revistas_ucatolica/index.php/RFYPE/article/view/1057/1093 2248-6046 |
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Revista Finanzas y Política Económica, Vol. 7, no. 2 (jul. – dic. 2015) p. 325 – 339. http://dx.doi.org/10.14718/revfinanzpolitecon.2015.7.2.5 |
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Ahmad, E. & Baer, K. (1997). Colombia, in (Ter-Minassian, T.), Fiscal federalism in theory and practice (pp. 457-485), International Monetary Fund). Bahl, R., & Bird, R. (2008). Subnational Taxes in Developing Countries: The Way Forward. Public Budgeting & Finance, 28(4), 1-25. Bayoumi, T. & Masson, P. (1998). Liability-creating versus non liability-creating fiscal stabilisation policies: Ricardian equivalence, fiscal stabilisation, and EMU, Economic Journal, 108, 1026-1045. Bayoumi, T. & Masson, P. (1995). Fiscal flows in the United States and Canada: lessons for monetary union in Europe, European Economic Review, 39, 253-274. Bonet, J., Pérez, G., & Ayala, J. (2014). Contexto histórico y evolución del SGP en Colombia. Documento de Trabajo Sobre Economía Regional, (205). Cassette, A., & Paty, S. (2010). Fiscal decentralization and the size of government: A European country empirical analysis. Public Choice, 143(1-2), 173-189. Christiano, L., Eichenbaum, M., & Rebelo, S. (2011). When Is the Government Spending Multiplier Large?. Journal of Political Economy, 119(1), 79-121. Escobar-Lemmon, M. (2001). Fiscal Decentralization and Federalism in Latin America. Publius: The Journal of Federalism, 31(4), 23-41. Faguet, J. (2014). Decentralization and Governance. World Development, 53, 2-13 Falleti, T. (2005). A Sequential Theory of Decentralization: Latin American Cases In Comparative Perspective. American Political Science Review, 99(03), 327-346. Falleti, T. (2006). Una Teoría Secuencial de la Descentralización: Argentina y Colombia en Perspectiva Comparada. Desarrollo Económico, 46(183), 317-352. Fatás, A. (1998). Does EMU need a fiscal federation?, Economic Policy, 26, 165-203. Feltenstein, A., & Iwata, S. (2005). Decentralization and macroeconomic performance in China: Regional autonomy has its costs. Journal of Development Economics, 76(2), 481-501. Fukasaku, K. & De Mello, L. (1998). Fiscal decentralisation and macroeconomic stability: the experience of large developing and transition Economies, in (Fukasaku, K & Hausmann, R. eds.), Democracy, decentralisation and deficits in Latin America. IDB/OECD). Garman, C., Haggard, S., & Willis, E. (2001). Fiscal Decentralization: A Political Theory with Latin American Cases. World Politics, 53(2), 205-236. Gramlich, E. M. (1987). Federalism and federal deficit reduction, National Tax Journal, 40, 299-313. Iregui, A. M., Ramos, J., & Saavedra, L. A. (2001). Análisis de la descentralización fiscal en Colombia. Borradores de Economía. Banco de la República, Subgerencia de Estudios Económicos. Jin, J., & Zou, H. (2002). How does fiscal decentralization affect aggregate, national, and subnational government size?. Journal of Urban Economics, 52(2), 270-293. Junguito, R., Misas, M. & Melo, L. (1995). Descentralización y Finanzas Públicas: Colombia 1967-1994, Ensayos sobre política económica, 27, 7-38. Lozano, I., Ramos, J., & Rincon, H. (2007). Implicaciones Fiscales y Sectoriales de la Reforma a las Transferencias Territoriales en Colombia. Borradores de Economía, 437. Banco de la República. Mélitz, J. & Zumer, F. (2002). Regional redistribution and stabilisation by the center in Canada, France, the UK and the US: A reassessment and new test, Journal of public Economics, 86, 155-306. Melo, L. (2002). The flypaper effect under different institutional contexts: The Colombian case. Public Choice, 111(3-4), 317-345. Modigliani, F. (1987). The economics of public deficits, in (Johnson, S. Ed.), The collected paper of Franco Modigliani, vol 5. The MIT Press. Musgrave, R.A (1959). The theory of public finance. New York, McGraw-Hill. Oates, W. (1990). Fiscal federalism: An overview, in (Prud'homme R eds.), Public finance with several levels of government, pp. 1-18), Foundation Journal Public Finance. Obstfeld & Peri (1998). Regional non-adjustment and fiscal policy, Economic Policy, a European Forum, 26, 207-247. Prud'homme R. (1995). On the dangers of Decentralisation, World Bank Research Observer, August. Sala-i-Martín, X. & Sachs J. (1992). Fiscal federalism and optimum currency areas: evidence for Europe from the United States, in (Canzeroni, M., Grilli, V., & Masson P.), Establishing a Central Bank: Issues in Europe and lessons from the US, pp. 195-219, Cambridge University Press. Shah, A. (1998). Fiscal federalism and macroeconomic governance. For better or for worse?, Policy Research Working Paper, 2005, The World Bank. Shah, A. (2004). Fiscal decentralization in developing and transition economies: progress, problems, and the promise. World Bank Policy Research working paper, (3282). Tanzi, V. (1996). Fiscal federalism and decentralisation: A review of some efficiency and macroeconomic aspects, Annual World Bank conference on development economics, pp. 295-316. Ter-Minassian, T. (1997). Decentralisation and Macroeconomic Management, Working Paper of the International Monetary Fund, November. World Bank (1995). Colombia: Local government capacity-beyond technical assistance, The World Bank, Washington. |
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Melo-Becerra, Ligia Alba5ec70930-673c-4e43-8089-a705264f37dd-12018-09-12T20:56:42Z2018-09-12T20:56:42Z2015-07El objetivo del documento es analizar el impacto de la descentralización fiscal en la función de estabilización. Aunque tradicionalmente la función de estabilización se ha atribuido al gobierno central, las autoridades regionales y locales desempeñan un papel en esta función en un contexto descentralizado. El análisis se centra en el papel que los gobiernos sub-nacionales desempeñan para contrarrestar la política cíclica y en la relación entre descentralización y la posición fiscal de los gobiernos nacionales y subnacionales. En particular, la estabilización y redistribución que las regiones obtienen mediante la política tributaria nacional y el sistema de transferencias intergubernamentales se estima para Colombia, donde los déficit aumentaron sustancialmente, tanto a nivel nacional como local después de que el proceso de descentralización se fortaleció en 1991.This paper analyses the impact of fiscal decentralization on the stabilization function. Although traditionally the stabilization function has been attributed to central government, regional and local authorities have a role to play in decentralized contexts. The analysis concentrates on the role that sub-national governments play in counteracting cyclical policy and on the relationship between decentralization and the fiscal position of national and sub-national governments. In particular, the stabilization and redistribution obtained by regions as a result of national tax policy and through the intergovernmental transfers system is estimated for Colombia, where deficits increased substantially both at national and local levels after the decentralization process was strengthened in 1991.O objetivo deste documento é analisar o impacto da descentralização fiscal na função de estabilização. Embora tradicionalmente a função de estabilização tenha sido atribuída ao governo central, as autoridades regionais e locais desempenham um papel nessa função num contexto descentralizado. A análise se enfoca no papel que os governos subnacionais desempenham para neutralizar a política cíclica e na relação entre descentralização e posição fiscal dos governos nacionais e subnacionais. Em particular, a estabilização e a redistribuição que as regiões obtêm mediante a política tributária nacional e o sistema de transferências intergovernamentais que se estima para a Colômbia, onde os déficits aumentaram substancialmente, tanto no âmbito nacional quanto no local, depois do fortalecimento do processo de descentralização em 1991.application/pdfMelo-Becerra, L. (2015). El papel del sector público subnacional en la función de estabilización: evidencia del caso colombiano para el período 1990-2001. Revista Finanzas y Política Económica, 7 (2), 299-324. Recuperado de https://editorial.ucatolica.edu.co/ojsucatolica/revistas_ucatolica/index.php/RFYPE/article/view/1057/10932248-6046https://hdl.handle.net/10983/17494spaUniversidad Católica de Colombia. Facultad de Ciencias Económicas y AdministrativasRevista Finanzas y Política Económica, Vol. 7, no. 2 (jul. – dic. 2015) p. 325 – 339. http://dx.doi.org/10.14718/revfinanzpolitecon.2015.7.2.5Ahmad, E. & Baer, K. (1997). Colombia, in (Ter-Minassian, T.), Fiscal federalism in theory and practice (pp. 457-485), International Monetary Fund).Bahl, R., & Bird, R. (2008). Subnational Taxes in Developing Countries: The Way Forward. Public Budgeting & Finance, 28(4), 1-25.Bayoumi, T. & Masson, P. (1998). Liability-creating versus non liability-creating fiscal stabilisation policies: Ricardian equivalence, fiscal stabilisation, and EMU, Economic Journal, 108, 1026-1045.Bayoumi, T. & Masson, P. (1995). Fiscal flows in the United States and Canada: lessons for monetary union in Europe, European Economic Review, 39, 253-274.Bonet, J., Pérez, G., & Ayala, J. (2014). Contexto histórico y evolución del SGP en Colombia. Documento de Trabajo Sobre Economía Regional, (205).Cassette, A., & Paty, S. (2010). Fiscal decentralization and the size of government: A European country empirical analysis. Public Choice, 143(1-2), 173-189.Christiano, L., Eichenbaum, M., & Rebelo, S. (2011). When Is the Government Spending Multiplier Large?. Journal of Political Economy, 119(1), 79-121.Escobar-Lemmon, M. (2001). Fiscal Decentralization and Federalism in Latin America. Publius: The Journal of Federalism, 31(4), 23-41.Faguet, J. (2014). Decentralization and Governance. World Development, 53, 2-13Falleti, T. (2005). A Sequential Theory of Decentralization: Latin American Cases In Comparative Perspective. American Political Science Review, 99(03), 327-346.Falleti, T. (2006). Una Teoría Secuencial de la Descentralización: Argentina y Colombia en Perspectiva Comparada. Desarrollo Económico, 46(183), 317-352.Fatás, A. (1998). Does EMU need a fiscal federation?, Economic Policy, 26, 165-203.Feltenstein, A., & Iwata, S. (2005). Decentralization and macroeconomic performance in China: Regional autonomy has its costs. Journal of Development Economics, 76(2), 481-501.Fukasaku, K. & De Mello, L. (1998). Fiscal decentralisation and macroeconomic stability: the experience of large developing and transition Economies, in (Fukasaku, K & Hausmann, R. eds.), Democracy, decentralisation and deficits in Latin America. IDB/OECD).Garman, C., Haggard, S., & Willis, E. (2001). Fiscal Decentralization: A Political Theory with Latin American Cases. World Politics, 53(2), 205-236.Gramlich, E. M. (1987). Federalism and federal deficit reduction, National Tax Journal, 40, 299-313.Iregui, A. M., Ramos, J., & Saavedra, L. A. (2001). Análisis de la descentralización fiscal en Colombia. Borradores de Economía. Banco de la República, Subgerencia de Estudios Económicos.Jin, J., & Zou, H. (2002). How does fiscal decentralization affect aggregate, national, and subnational government size?. Journal of Urban Economics, 52(2), 270-293.Junguito, R., Misas, M. & Melo, L. (1995). Descentralización y Finanzas Públicas: Colombia 1967-1994, Ensayos sobre política económica, 27, 7-38.Lozano, I., Ramos, J., & Rincon, H. (2007). Implicaciones Fiscales y Sectoriales de la Reforma a las Transferencias Territoriales en Colombia. Borradores de Economía, 437. Banco de la República.Mélitz, J. & Zumer, F. (2002). Regional redistribution and stabilisation by the center in Canada, France, the UK and the US: A reassessment and new test, Journal of public Economics, 86, 155-306.Melo, L. (2002). The flypaper effect under different institutional contexts: The Colombian case. Public Choice, 111(3-4), 317-345.Modigliani, F. (1987). The economics of public deficits, in (Johnson, S. Ed.), The collected paper of Franco Modigliani, vol 5. The MIT Press.Musgrave, R.A (1959). The theory of public finance. New York, McGraw-Hill.Oates, W. (1990). Fiscal federalism: An overview, in (Prud'homme R eds.), Public finance with several levels of government, pp. 1-18), Foundation Journal Public Finance.Obstfeld & Peri (1998). Regional non-adjustment and fiscal policy, Economic Policy, a European Forum, 26, 207-247.Prud'homme R. (1995). On the dangers of Decentralisation, World Bank Research Observer, August.Sala-i-Martín, X. & Sachs J. (1992). Fiscal federalism and optimum currency areas: evidence for Europe from the United States, in (Canzeroni, M., Grilli, V., & Masson P.), Establishing a Central Bank: Issues in Europe and lessons from the US, pp. 195-219, Cambridge University Press.Shah, A. (1998). Fiscal federalism and macroeconomic governance. For better or for worse?, Policy Research Working Paper, 2005, The World Bank.Shah, A. (2004). Fiscal decentralization in developing and transition economies: progress, problems, and the promise. World Bank Policy Research working paper, (3282).Tanzi, V. (1996). Fiscal federalism and decentralisation: A review of some efficiency and macroeconomic aspects, Annual World Bank conference on development economics, pp. 295-316.Ter-Minassian, T. (1997). Decentralisation and Macroeconomic Management, Working Paper of the International Monetary Fund, November.World Bank (1995). Colombia: Local government capacity-beyond technical assistance, The World Bank, Washington.Derechos Reservados - Universidad Católica de Colombia, 2015info:eu-repo/semantics/openAccessAtribución-NoComercial-SinDerivadas 4.0 Internacional (CC BY-NC-ND 4.0)https://creativecommons.org/licenses/by-nc-nd/4.0/http://purl.org/coar/access_right/c_abf2https://editorial.ucatolica.edu.co/ojsucatolica/revistas_ucatolica/index.php/RFYPE/article/view/1058/1102DESCENTRALIZACIÓN FISCALESTABILIZACIÓNTRANSFERENCIAS INTERGUBERNAMENTALESGOBIERNOS SUBNACIONALESThe role of the sub-national public sector in the stabilization function: Evidence from the Colombian case for the period 1990/2001El papel del sector público subnacional en la función de estabilización: evidencia del caso colombiano para el período 1990-2001Artículo de revistahttp://purl.org/coar/resource_type/c_6501http://purl.org/coar/resource_type/c_2df8fbb1Textinfo:eu-repo/semantics/articlehttp://purl.org/redcol/resource_type/ARTinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/version/c_970fb48d4fbd8a85PublicationORIGINAL4The role of the sub-national public sector in the stabilization function evidence from the colombian case for the period 1990-2001.pdf4The role of the sub-national public sector in the stabilization function evidence from the colombian case for the period 1990-2001.pdfapplication/pdf1755684https://repository.ucatolica.edu.co/bitstreams/b0196004-dacd-4043-91b6-f00b21ee4008/download79e27183a66c0f8298bc2ef57bc746b9MD51TEXT4The role of the sub-national public sector in the stabilization function evidence from the colombian case for the period 1990-2001.pdf.txt4The role of the sub-national public sector in the stabilization function evidence from the colombian case for the period 1990-2001.pdf.txtExtracted texttext/plain85985https://repository.ucatolica.edu.co/bitstreams/d9991988-dc56-40f7-a871-d673c485b303/downloade64a675b8ab4c99bbb077b0fc8ed9810MD52THUMBNAIL4The role of the sub-national public sector in the stabilization function evidence from the colombian case for the period 1990-2001.pdf.jpg4The role of the sub-national public sector in the stabilization function evidence from the colombian case for the period 1990-2001.pdf.jpgRIUCACimage/jpeg19587https://repository.ucatolica.edu.co/bitstreams/59166da3-0460-4955-99ae-01d9c159a420/downloadf4248355d1f31b7f42c6f78c2a1c8898MD5310983/17494oai:repository.ucatolica.edu.co:10983/174942023-03-24 15:49:11.225https://creativecommons.org/licenses/by-nc-nd/4.0/Derechos Reservados - Universidad Católica de Colombia, 2015https://repository.ucatolica.edu.coRepositorio Institucional Universidad Católica de Colombia - RIUCaCbdigital@metabiblioteca.com |