El Fondo de Compensación Interterritorial: Análisis y propuestas de reforma

The Spanish Inter-Territorial Compensation Fund: Analysis and reform proposals

Xoaquín Fernandez-Leiceaga (), Santiago Lago-Peñas and Xoaquín Álvarez-Corbacho

MPRA Paper from University Library of Munich, Germany

Abstract: The aim of this paper is twofold. First, we analyze the Inter-territorial Compensation Fund (ICF) as a regional policy instrument contemplated in the 1978 Spanish Constitution. Attention is focused on the period 1990-2013. Both the drivers of the ICF and its impact on regional public investment are analyzed. Second, a reform proposal is discussed, involving changes in ICF total amount in order to compensate the decline of the flow of European funds to Spain. The criteria to become a beneficiary region and the distribution of grants are also discussed. Finally, we stress the need to improve planning, efficiency, and transparency in using ICF resources.

Keywords: Capital grants; regional policy; intergovernmental relations (search for similar items in EconPapers)
JEL-codes: H73 H77 O18 R42 (search for similar items in EconPapers)
Date: 2013-10-27
New Economics Papers: this item is included in nep-eur
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:51107

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