Decentralization and Bailouts in Colombia

Juan José Echavarría (), Carolina Rentería and Roberto Ricardo Steiner Sampedro ()

INFORMES DE INVESTIGACIÓN from FEDESARROLLO

Abstract: INTRODUCTION Within the Latin American context Colombia is in a relatively advanced stage in terms of decentralization. According to the IDB (1997), it ranks third in the region after Argentina and Brazil, two countries organized as Federal States. While in 1995 average public expenditure allocated by sub-national governments amounted to 15% of total public expenditure in Latin America and to 35% in the OECD countries, it reached 39% in the case of Colombia. Economic activity is also very decentralized compared to other Latin American countries.

Date: 2002-01-01
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Working Paper: Decentralization and Bailouts in Colombia (2002)
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Persistent link: http://EconPapers.repec.org/RePEc:col:000124:002252

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