Cyclical behavior of fiscal policy in Argentina: ¿Won decade or lost decade?
This paper analyses the relationship between Argentina's national public expenditure and its business cycle. It uses monthly time series from 1993. In order to capture probable fiscal-policy-cyclical-behavior improvement, as alleged by several other authors towards emerging countries, the two d...
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| Format: | Online |
| Language: | spa |
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Instituto de Economía y Finanzas. Facultad de Ciencias Económicas. Universidada Nacional de Córdoba.
2013
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| Online Access: | https://revistas.unc.edu.ar/index.php/REyE/article/view/11878 |
| _version_ | 1811172129130938368 |
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| author | Granado, María José |
| author_facet | Granado, María José |
| author_sort | Granado, María José |
| collection | Portal de Revistas |
| description | This paper analyses the relationship between Argentina's national public expenditure and its business cycle. It uses monthly time series from 1993. In order to capture probable fiscal-policy-cyclical-behavior improvement, as alleged by several other authors towards emerging countries, the two decades of cyclical behavior is contrasted; starting from 1993 to 2002, and from 2003 onwards. It's found less procyclicality on total expenditure since 2003 though Argentina didn't achieve overcoming it. Capital expenditure's role is highlighted, since it could have been taken as a countercyclical tool during the last decade. A significant increase in government size is pointed out. However, the latter deserves a separate discussion. |
| format | Online |
| id | oai:ojs.revistas.unc.edu.ar:article-11878 |
| institution | Universidad Nacional de Cordoba |
| language | spa |
| publishDate | 2013 |
| publisher | Instituto de Economía y Finanzas. Facultad de Ciencias Económicas. Universidada Nacional de Córdoba. |
| record_format | ojs |
| spelling | oai:ojs.revistas.unc.edu.ar:article-118782022-04-06T21:59:35Z Cyclical behavior of fiscal policy in Argentina: ¿Won decade or lost decade? Comportamiento cíclico de la política fiscal en Argentina: ¿Década ganada o década perdida? Granado, María José fiscal policy business cycle procyclicality of fi scal policy Argentina E3 E6 H5 política fiscal ciclo económico prociclicidad de la política fiscal Argentina E3 E6 H5 This paper analyses the relationship between Argentina's national public expenditure and its business cycle. It uses monthly time series from 1993. In order to capture probable fiscal-policy-cyclical-behavior improvement, as alleged by several other authors towards emerging countries, the two decades of cyclical behavior is contrasted; starting from 1993 to 2002, and from 2003 onwards. It's found less procyclicality on total expenditure since 2003 though Argentina didn't achieve overcoming it. Capital expenditure's role is highlighted, since it could have been taken as a countercyclical tool during the last decade. A significant increase in government size is pointed out. However, the latter deserves a separate discussion. Se analiza el gasto del sector público nacional y sus componentes en relación al ciclo económico de Argentina, con series mensuales desde 1993. Se diferencia el análisis cíclico en dos décadas: 1993-2002 y 2003 en adelante, para detectar si hubo una mejora en el comportamiento cíclico de la política fiscal en Argentina, como evidenciaron algunos autores para otros países emergentes. Puede observarse una menor prociclicidad del gasto total a partir de 2003, pero no se detecta un gran avance de Argentina para liberarse de la prociclicidad de la política fiscal. Se destaca el rol del gasto de capital, que puede haber constituido una herramienta anticíclica en la última década. Se advierte un significativo crecimiento del tamaño del Estado, lo que merece una discusión aparte. Instituto de Economía y Finanzas. Facultad de Ciencias Económicas. Universidada Nacional de Córdoba. 2013-12-01 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf https://revistas.unc.edu.ar/index.php/REyE/article/view/11878 10.55444/2451.7321.2013.v51.n1.11878 Revista de Economía y Estadística; Vol. 51 No. 1 (2013); 119-156 Revista de Economía y Estadística; Vol. 51 Núm. 1 (2013); 119-156 2451-7321 0034-8066 10.55444/2451.7321.2013.v51.n1 spa https://revistas.unc.edu.ar/index.php/REyE/article/view/11878/12230 Derechos de autor 2013 María José Granado http://creativecommons.org/licenses/by-nc-nd/4.0 |
| spellingShingle | fiscal policy business cycle procyclicality of fi scal policy Argentina E3 E6 H5 política fiscal ciclo económico prociclicidad de la política fiscal Argentina E3 E6 H5 Granado, María José Cyclical behavior of fiscal policy in Argentina: ¿Won decade or lost decade? |
| title | Cyclical behavior of fiscal policy in Argentina: ¿Won decade or lost decade? |
| title_alt | Comportamiento cíclico de la política fiscal en Argentina: ¿Década ganada o década perdida? |
| title_full | Cyclical behavior of fiscal policy in Argentina: ¿Won decade or lost decade? |
| title_fullStr | Cyclical behavior of fiscal policy in Argentina: ¿Won decade or lost decade? |
| title_full_unstemmed | Cyclical behavior of fiscal policy in Argentina: ¿Won decade or lost decade? |
| title_short | Cyclical behavior of fiscal policy in Argentina: ¿Won decade or lost decade? |
| title_sort | cyclical behavior of fiscal policy in argentina won decade or lost decade |
| topic | fiscal policy business cycle procyclicality of fi scal policy Argentina E3 E6 H5 política fiscal ciclo económico prociclicidad de la política fiscal Argentina E3 E6 H5 |
| topic_facet | fiscal policy business cycle procyclicality of fi scal policy Argentina E3 E6 H5 política fiscal ciclo económico prociclicidad de la política fiscal Argentina E3 E6 H5 |
| url | https://revistas.unc.edu.ar/index.php/REyE/article/view/11878 |
| work_keys_str_mv | AT granadomariajose cyclicalbehavioroffiscalpolicyinargentinawondecadeorlostdecade AT granadomariajose comportamientociclicodelapoliticafiscalenargentinadecadaganadaodecadaperdida |