Fiscal decentralization and economic growth in Colombia: evidence from regional-level panel data

This paper provides evidence for the positive effects of fiscal decentralization on regional economic growth in Colombia since the enactment of the Political Constitution of 1991. The empirical strategy involved choosing a suitable estimator for the panel data approach, the augmented mean group (AMG...

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Autores principales:	Lozano, Ignacio, Julio, Juan Manuel
Formato:	Texto
Lenguaje:	English
Publicado:	2016
Materias:	POLITICA FISCAL ADMINISTRACION FISCAL DESCENTRALIZACION GUBERNAMENTAL CRECIMIENTO ECONOMICO DESARROLLO REGIONAL MODELOS ECONOMETRICOS FISCAL POLICY TAX ADMINISTRATION DECENTRALIZATION IN GOVERNMENT ECONOMIC GROWTH REGIONAL DEVELOPMENT ECONOMETRIC MODELS
Acceso en línea:	http://hdl.handle.net/11362/40789
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spelling	oai-11362-407892020-03-06T16:50:27Z Fiscal decentralization and economic growth in Colombia: evidence from regional-level panel data Lozano, Ignacio Julio, Juan Manuel POLITICA FISCAL ADMINISTRACION FISCAL DESCENTRALIZACION GUBERNAMENTAL CRECIMIENTO ECONOMICO DESARROLLO REGIONAL MODELOS ECONOMETRICOS FISCAL POLICY TAX ADMINISTRATION DECENTRALIZATION IN GOVERNMENT ECONOMIC GROWTH REGIONAL DEVELOPMENT ECONOMETRIC MODELS This paper provides evidence for the positive effects of fiscal decentralization on regional economic growth in Colombia since the enactment of the Political Constitution of 1991. The empirical strategy involved choosing a suitable estimator for the panel data approach, the augmented mean group (AMG) estimator, that enabled unobserved determinants suggested by the literature to be added to traditional long-term explanatory factors. The strategy was supplemented with exercises that provided support for the results from (i) cross-sectional models for different periods and various control variables; (ii) a test of the hypothesis of complementarity between public goods provided by different jurisdictions (spillover effects), and (iii) an assessment of unconditional convergence in regional income differences. 2016-12-06T15:12:33Z 2016-12-06T15:12:33Z 2016-08 Texto Sección o Parte de un Documento http://hdl.handle.net/11362/40789 LC/G.2683-P 4 en CEPAL Review CEPAL Review 119 .pdf application/pdf COLOMBIA COLOMBIA
institution	Cepal
collection	Cepal
language	English
topic	POLITICA FISCAL ADMINISTRACION FISCAL DESCENTRALIZACION GUBERNAMENTAL CRECIMIENTO ECONOMICO DESARROLLO REGIONAL MODELOS ECONOMETRICOS FISCAL POLICY TAX ADMINISTRATION DECENTRALIZATION IN GOVERNMENT ECONOMIC GROWTH REGIONAL DEVELOPMENT ECONOMETRIC MODELS
spellingShingle	POLITICA FISCAL ADMINISTRACION FISCAL DESCENTRALIZACION GUBERNAMENTAL CRECIMIENTO ECONOMICO DESARROLLO REGIONAL MODELOS ECONOMETRICOS FISCAL POLICY TAX ADMINISTRATION DECENTRALIZATION IN GOVERNMENT ECONOMIC GROWTH REGIONAL DEVELOPMENT ECONOMETRIC MODELS Lozano, Ignacio Julio, Juan Manuel Fiscal decentralization and economic growth in Colombia: evidence from regional-level panel data
description	This paper provides evidence for the positive effects of fiscal decentralization on regional economic growth in Colombia since the enactment of the Political Constitution of 1991. The empirical strategy involved choosing a suitable estimator for the panel data approach, the augmented mean group (AMG) estimator, that enabled unobserved determinants suggested by the literature to be added to traditional long-term explanatory factors. The strategy was supplemented with exercises that provided support for the results from (i) cross-sectional models for different periods and various control variables; (ii) a test of the hypothesis of complementarity between public goods provided by different jurisdictions (spillover effects), and (iii) an assessment of unconditional convergence in regional income differences.
format	Texto
author	Lozano, Ignacio Julio, Juan Manuel
author_facet	Lozano, Ignacio Julio, Juan Manuel
author_sort	Lozano, Ignacio
title	Fiscal decentralization and economic growth in Colombia: evidence from regional-level panel data
title_short	Fiscal decentralization and economic growth in Colombia: evidence from regional-level panel data
title_full	Fiscal decentralization and economic growth in Colombia: evidence from regional-level panel data
title_fullStr	Fiscal decentralization and economic growth in Colombia: evidence from regional-level panel data
title_full_unstemmed	Fiscal decentralization and economic growth in Colombia: evidence from regional-level panel data
title_sort	fiscal decentralization and economic growth in colombia: evidence from regional-level panel data
publishDate	2016
url	http://hdl.handle.net/11362/40789
work_keys_str_mv	AT lozanoignacio fiscaldecentralizationandeconomicgrowthincolombiaevidencefromregionallevelpaneldata AT juliojuanmanuel fiscaldecentralizationandeconomicgrowthincolombiaevidencefromregionallevelpaneldata
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Fiscal decentralization and economic growth in Colombia: evidence from regional-level panel data

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