Arbeitspapier
Fiscal Autonomy and Fiscal Sustainability: Subnational Taxation and Public Indebtedness in Contemporary Spain
This study assesses fiscal sustainability in contemporary Spain at the regional level. Spain consists of 17 autonomous regions, two fiscal regimes differing in taxing autonomy, and two path-dependent types of communities with more and less legislatively recognized autonomy. Three of the 17 autonomies do neither have any fiscal power over ceded taxes nor the option to grant tax credits. This structure allows us to apply panel unit root and stationarity tests to sub-samples of autonomies to check for fiscal sustainability in the sense of adhering to an intertemporal budget constraint. Only for the clear-cut fiscally autonomous regimes of Navarro and Basque Country, endowed with ample statutory privileges in the collection of taxes, time series properties accord with the notion of sustainability based on expected-value budget constraints.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 4726
- Klassifikation
-
Wirtschaft
National Budget, Deficit, and Debt: General
State and Local Taxation, Subsidies, and Revenue
Single Equation Models; Single Variables: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models
- Thema
-
decentralization
public debt
primary surplus
taxation
unit root
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Larin, Benjamin
Süssmuth, Bernd
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2014
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Larin, Benjamin
- Süssmuth, Bernd
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2014
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