Impacto del gasto público y la brecha fiscal sobre la actividad económica a nivel sectorial

Impact of public spending and the fiscal gap on economic activity at the sector level

Luis Frank

MPRA Paper from University Library of Munich, Germany

Abstract: The paper presents a first estimate of the elasticity of GVA with respect to public spending and financial gap (difference between tax revenues and public spending) at sectorial level. The results show a differential impact of an expansion of spending on each economic sector, being the most favored sectors construction and certain concomitant industrial branches, commerce and automotive production; while education and social and health services are the least favored. At an aggregate level, each percentage point of extra spending has an impact of 0.20% increase in economic activity; while each additional point of financial gap results in a 0.23% reduction of activity. This last figure, however, cannot be extrapolated to each financial instrument that constitutes de tha financial gap, including the inflation tax.

Keywords: public spending; fiscal gap; economic activity (search for similar items in EconPapers)
JEL-codes: H62 (search for similar items in EconPapers)
Date: 2023-08-17
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