¿Una Enfermedad Holandesa “Fiscal? El Caso de Transferencias entre Jurisdicciones: La Experiencia Argentina hasta 2008

Alberto José Figueras, Iván Iturralde and Marcelo Capello
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Alberto José Figueras: IEF de la FCE-UNC
Iván Iturralde: IEF de la FCE-UNC
Marcelo Capello: IEF de la FCE-UNC

No 90, Working Papers from Red Nacional de Investigadores en Economía (RedNIE)

Abstract: In Argentina, despite a redistributive fiscal transfer system between provinces, a process of economic convergence has not been observed. The essay works on the possibilities of the negative effects of the system of fiscal transfers on the growth of the provinces, especially the most relegated (and that receive a greater volume of funds). Our purpose has been to explore this phenomenon at the regional (or provincial) level not only from “gross” transfers but also from “net” transfers (or net fiscal balances). Insubnational jurisdictions, the inflow of gross funds (gross transfers) and net funds (positive net fiscal balances) present two effects: (a) an effect on relative prices; (b) an aggregate demand effect. The first can be seen mainly as a micro effect, through the regional labour market. To study this effect, it is relevant to work with the volume of “gross” transfers. The explanation of the second effect is more connected to a “macro” impact, due to an increase in the volume of aggregate demand of the jurisdiction(when it receives, in net terms, more than it contributed in taxes). In both cases, we are talking about a similar process to that of the famous "Dutch disease" (in this case with a "fiscal" origin). These hypotheses are contrasted with an econometric model. The results depend on the period analysed.

Pages: 37 pages
Date: 2021-10
New Economics Papers: this item is included in nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:aoz:wpaper:90

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