Fiscal Federalism and the impact of Intergovernmental Grants:the European Regional policy in Spain
Verlag: Universidad de Sevilla
ISBN: 978-84-695-6945-0
Datum der Publikation: 2013
Seiten: 66
Kongress: Encuentro de Economía Pública (20. 2013. Sevilla)
Art: Konferenz-Beitrag
Zusammenfassung
We su spect that the efficiency of intergovernmental grants is related to the level of fiscal autonomy of the subsidized government. In this paper we construct and estimate a pane l data model capturing the role of fiscal federa lism on the effectiveness of EU Structural Actions in enhancing public exp enditure in selected policy areas . We use data from the seventeen Spanish regions for the period 1993 - 2007. Results unambiguously support the hypothesis that the effectiveness of the ERDF decreases with larger fiscal autonom y . T he role of the European Social Fund is still under analysis. T h ese results c ould reflect the fact that fiscal decentralization in Spain has been focused to larger taxation autonomy without affecting regional income redistribution