000			01931nab a2200277 4500
999			_c147832 _d147832
003			ES-MaIEF
005			20230705132331.0
007			ta
008			230705t2023 uk ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
100	1		_970812 _aArespa Castelló, Marta
245		0	_aTax autonomy mitigates soft budget constraint _bevidence from Spanish Regions _c Marta Arespa and Juan González-Alegre
500			_aApéndice.
500			_aResumen.
520			_aWithin the framework of the soft budget constraint problem, this article investigates the impact of a legislative reform that increased regional tax autonomy on the propensity of Spanish regional governments to incur a deficit. For this purpose, a dynamic panel data model is estimated, using data for the period 1984–2019. The sample shows a breakpoint in 2002, when the reform of the regional financing system came into force, providing Spanish regions with greater tax autonomy, more fiscal competency, and lower intergovernmental transfers. Results show that the budget constraint has hardened, as regions have fewer incentives to accumulate budgetary deficits with the expectation of future compensations from the central government. A comprehensive review of the evolution of other factors previously identified as determinants of soft budget constraints, and the analysis of two regions not included in this financing system, suggest no other possible explanation for these results.
650		4	_932229 _aAUTONOMIA TRIBUTARIA
650		4	_932226 _aAUTONOMIA FINANCIERA
650		4	_944787 _aGASTO PUBLICO
650		4	_948220 _aREDUCCION
650		4	_948112 _aPRESUPUESTOS AUTONOMICOS
650		4	_aCOMUNIDADES AUTONOMAS _940424
650		4	_aESPAÑA _941092
700			_959609 _aGonzález Alegre, Juan
773	0		_9169739 _oOP 1793/2023/1 _tJournal of Public Policy _w(IEF)17584 _x 0143-814X _g v. 43, n. 1, March 2023, p. 1-32
942			_cART