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dc.contributor.authorArespa-Castello, Marta 
dc.contributor.authorGonzalez-Alegre, Juan 
dc.date.accessioned2023-01-24T13:53:09Z
dc.date.available2023-01-24T13:53:09Z
dc.date.issued2022-10-19
dc.identifier.citationChange citation format Arespa, M., & González-Alegre, J. (2022). Tax autonomy mitigates soft budget constraint: Evidence from Spanish Regions. Journal of Public Policy, 1-32. doi:10.1017/S0143814X22000204es_ES
dc.identifier.urihttps://hdl.handle.net/10630/25780
dc.description.abstractWithin the framework of the soft budget constraint problem, this article investigates the impact of a legislative reform that increased regional tax autonomy on the propensity of Spanish regional governments to incur a deficit. For this purpose, a dynamic panel data model is estimated, using data for the period 1984–2019. The sample shows a breakpoint in 2002, when the reform of the regional financing system came into force, providing Spanish regions with greater tax autonomy, more fiscal competency, and lower intergovernmental transfers. Results show that the budget constraint has hardened, as regions have fewer incentives to accumulate budgetary deficits with the expectation of future compensations from the central government. A comprehensive review of the evolution of other factors previously identified as determinants of soft budget constraints, and the analysis of two regions not included in this financing system, suggest no other possible explanation for these results.es_ES
dc.description.sponsorshipThis work has benefited from research funding from the Ministry of Science, Innovation and Universities of Spain (Grant numbers ECO2014–52,999-R, RTI2018–097,434-B-I00, PGC2018–094,364- B-100 and RTI2018–093,543-B-100, MCIU/AEI/FEDER, UE); from the Government of Catalonia through the grant “Beca per a la realitzaci´o de treballs individuals” awarded by the Institut d’Estudis Autonòmics; and from Junta de Andalucía through grant B-SEJ-544-UGR20 from the Programa Operativo FEDER de Andalucía 2014–2020. Funding for open access charge: Universidad de Málaga / CBUA.es_ES
dc.language.isoenges_ES
dc.publisherCambridgees_ES
dc.rightsinfo:eu-repo/semantics/openAccesses_ES
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/*
dc.subjectpolítica regionales_ES
dc.subject.otherDynamic panel dataes_ES
dc.subject.otherFiscal autonomyes_ES
dc.subject.otherIntergovernmental relationses_ES
dc.subject.otherRegional policyes_ES
dc.subject.otherSoft Budget Constraintes_ES
dc.titleTax autonomy mitigates soft budget constraint: evidence from Spanish Regionses_ES
dc.typeinfo:eu-repo/semantics/articlees_ES
dc.centroFacultad de Ciencias Económicas y Empresarialeses_ES
dc.identifier.doi10.1017/S0143814X22000204
dc.rights.ccAtribución 4.0 Internacional*
dc.type.hasVersioninfo:eu-repo/semantics/publishedVersiones_ES


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