The Territorial Fiscal Gap in Colombia

Título: The Territorial Fiscal Gap in Colombia
Autor: Bonet Moron, Jaime Alfredo; Ayala García, Jhorland
Publicación original: Bogotá: Banco de la República, 2017
Descripción física: PDF
Nota general:
- This paper presents an estimation of expenditure needs and fiscal capacity of Colombia’s municipalities and departments in 2014. We use standard per capita norms to estimate the spending needs and data envelopment analysis for the local fiscal capacity.
  The results show that:
  (i) There are high horizontal fiscal disparities in Colombia, with greater incidence in municipalities than in departments.
  (ii) These disparities favor more developed territories
  (iii) There is evidence of a centerperiphery pattern in the horizontal fiscal disparities, causing central regions of the country to have a lower imbalance between expenditure needs and fiscal capacity.
  An equalization transfers system is an option for public policy to eliminate these disparities.
Notas de reproducción original: Digitalización realizada por la Biblioteca Virtual del Banco de la República (Colombia)
Notas:
- Colombia
- © Derechos reservados - Banco de la República
- CEER - Centro de Estudios Económicos Regionales
- Documentos de Trabajo sobre Economía Regional y Urbana
Forma/género: texto
Idioma: inglés
Institución origen: Biblioteca Virtual del Banco de la República
Encabezamiento de materia:

Tecnológico de Monterrey