地方政府如何应对不同收入来源的冲击?来自阿根廷产烃省份的证据

IF 5.7 1区经济学 Q1 ECONOMICS

Journal of Urban Economics Pub Date : 2023-07-01 DOI:10.1016/j.jue.2023.103558

Martín Besfamille , Diego A. Jorrat , Osmel Manzano , Bernardo F. Quiroga , Pablo Sanguinetti

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引用次数: 0

摘要

根据阿根廷1988年至2003年的财政制度，我们估计了政府间转移和碳氢化合物特许权使用费的变化对省级公共消费和债务的影响。每当政府间转移支付增加时，所有省份都主要增加公共消费，并在较小程度上减少债务。然而，当碳氢化合物生产省份的特许权使用费增加时，他们节省了全部增加的费用。我们提供的证据表明，特许权使用费的可穷尽性可以解释碳氢化合物生产省份的这种节约反应。

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

Based on the fiscal regime that prevailed in Argentina from 1988 to 2003, we estimate the effects of changes in intergovernmental transfers and hydrocarbon royalties on provincial public consumption and debt. Whenever intergovernmental transfers increase, all provinces primarily increase public consumption and, to a lesser extent, decrease their debt. However, when hydrocarbon-producing provinces experienced an increase in royalties, they saved the entire increase. We provide evidence that the exhaustible nature of royalties may explain this saving reaction in hydrocarbon-producing provinces.

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来源期刊

Journal of Urban Economics Multiple-

CiteScore

10.60

自引率

4.80%

发文量

期刊介绍： The Journal of Urban Economics provides a focal point for the publication of research papers in the rapidly expanding field of urban economics. It publishes papers of great scholarly merit on a wide range of topics and employing a wide range of approaches to urban economics. The Journal welcomes papers that are theoretical or empirical, positive or normative. Although the Journal is not intended to be multidisciplinary, papers by noneconomists are welcome if they are of interest to economists. Brief Notes are also published if they lie within the purview of the Journal and if they contain new information, comment on published work, or new theoretical suggestions.