How do subnational governments react to shocks to different revenue sources? Evidence from hydrocarbon-producing provinces in Argentina

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dc.contributor.authorBesfamille, Martin
dc.contributor.authorJorrat, Diego
dc.contributor.authorManzano, Osmel
dc.contributor.authorSanguinetti, Pablo
dc.date.accessioned2022-06-03T20:47:17Z
dc.date.available2022-06-03T20:47:17Z
dc.date.issued2021
dc.date.updated2022-06-03T17:11:14Z
dc.description.abstractBased on the fiscal regime that prevailed in Argentina from 1988 to 2003, we estimate the effects that changes in intergovernmental transfers and hydrocarbon royalties had on provincial public consumption and debt. From a one-peso increase in intergovernmental transfers, all provinces spent 76 centavos on public consumption and decreased their debt by 22 centavos. However, when hydrocarbon-producing provinces faced a one-peso increase in royalties, they saved 95 centavos. We provide evidence that the exhaustible nature of royalties may explain this saving reaction in hydrocarbon-producing provinces.
dc.fuente.origenSIPA
dc.identifier.eissn2364-1428
dc.identifier.urihttps://papers.ssrn.com/sol3/papers.cfm?abstract_id=3907734
dc.identifier.urihttps://repositorio.uc.cl/handle/11534/64307
dc.information.autorucInstituto de economía ; Besfamille, Martin ; 0000-0002-4073-3466 ; 1013292
dc.language.isoen
dc.nota.accesoContenido completo
dc.revistaCESifo Working Papers
dc.rightsacceso abierto
dc.subjectTax sharing regime
dc.subjectIntergovernmental transfers
dc.subjectNon-renewable resources
dc.subjectHydrocarbon royalties
dc.subjectProvincial public consumption and debt
dc.subjectArgentina
dc.titleHow do subnational governments react to shocks to different revenue sources? Evidence from hydrocarbon-producing provinces in Argentina
dc.typeartículo
sipa.codpersvinculados1013292
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