RT Journal Article
T1 Do political factors affect fiscal consolidation? Evidence from spanish regional governments
A1 Vaquero García, Alberto
A1 Cadaval Sampedro, Maria Dolores
A1 Lago Peñas, Santiago
K1 5301 Política Fiscal y Hacienda Publica Nacionales
AB This paper empirically examines the political factors behind the different fiscal consolidation paths across Spanish regions over the period 2004 to 2017. Spanish regions provide an interesting case study due to both the strong fiscal decentralization and the deep impact of the so-called “Great Recession” on subcentral budget constraints in Spain. The estimates confirm that governments react to fiscal imbalances by reducing expenditure growth, but this reaction depends on the electoral budget cycle and the results of elections. Fiscal consolidation tends to stop in election years and is boosted by changes in the incumbent. By contrast, neither ideology nor fragmentation of government systematically affects the dynamics of fiscal adjustment.
PB SAGE Open
SN 21582440
YR 2022
FD 2022-01
LK http://hdl.handle.net/11093/5670
UL http://hdl.handle.net/11093/5670
LA eng
NO SAGE Open, 12(1): 215824402210850 (2022)
NO Agencia Estatal de Investigación | Ref. CSO2017-85024-C2-2-P
DS Investigo
RD 14-sep-2024