Open AccessEconomic and Politico-Institutional Variables Applied to the Analysis of Subnational Public Speding in Argentina
Author(s) -
Ernesto Rezk
Publication year - 2008
Publication title -
revista de economía y estadística/revista de economía y estadística
Language(s) - English
Resource type - Journals
eISSN - 2451-7321
pISSN - 0034-8066
DOI - 10.55444/2451.7321.2008.v46.n1.3847
Subject(s) - debt , economics , legislature , panel data , politics , public expenditure , public economics , public spending , categorical variable , limiting , economic policy , public finance , macroeconomics , political science , econometrics , law , mechanical engineering , machine learning , computer science , engineering
Using a panel data with fixed effect for the period 1993-2004, we aim at ascertaining whether the participation of public expenditure categories in total public spending of Argentine provinces was influenced by economic, fiscal and politico-institutional variables, such as provinces’ political sign; possibility of reelection of the executive branch; provisions limiting public spending, public debt, or restrictions to the use of credit; and the structure of the legislative bodies. While estimated coefficients for fiscal effort, financial sufficiency, and public debt were significantly different from zero, results fell short of being conclusive for the other variables, except for categorical variables standing for limits on spending and credit use.