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dc.contributor.authorBesfamille, Martín
dc.contributor.authorGrosman, Nicolás
dc.contributor.authorJorrat, Diego
dc.contributor.authorManzano, Osmel
dc.contributor.authorSanguinetti, Pablo
dc.identifier.citationBesfamille, M., Grosman, N., Jorrat, D., Manzano, O., & Sanguinetti, P. (2017, February 23). Public expenditures and debt at the subnational level: Evidence of fiscal smoothing from Argentina. CAF – Working paper;N° 2017/01, Buenos Aires: CAF. Retrieved from
dc.description.tableofcontentsThis paper uses the particular features of the tax-sharing regime Coparticipación Federal de Impuestos and the fact that some provinces earn hydrocarbon royalties to investigate public expenditures and debt at the subnational level in Argentina.We obtain that facing a one peso increase in intergovernmental transfers, provinces spend on average 36 cents in public expenditures with no changes in public debt. On the other hand, when royalties increase one peso, 59 cents are used to pay back public debt while public expenditures are not affected. These results, which are robust to many different specifications of the basic regressions, suggest a non-negligeable expenditure/debt smoothing behavior of Argentine provinces.es_ES
dc.relation.ispartofseriesCAF – Working paper;N° 2017/01
dc.subjectFinanzas públicases_ES
dc.subjectInvestigación socioeconómicaes_ES
dc.subjectDeuda pública
dc.subjectGasto público
dc.titlePublic expenditures and debt at the subnational level: Evidence of fiscal smoothing from Argentinaes_ES
dc.publisher.cityBuenos Aireses_ES

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