177
Views
10
CrossRef citations to date
0
Altmetric
Original Articles

Capital grants and regional public investment in Spain: fungibility of aid or crowding-in effect?

Pages 1737-1747 | Published online: 02 Feb 2007

References

  • Baltagi , B and Kao , C . 2000 . Nonstationary panels, cointegration in panels and dynamic panels: a survey, mimeo . 2000 . Center for Policy Research Working Paper No. 16 , (http://www-cpr.maxwell.syr.edu/cprwps/pdf/wp16.pdf
  • BDE (Banco de España) . Boletín Estadístico , Madrid : Banco de España . (various years)
  • Beck , N and Katz , JN . 1995 . What to do (and not to do) with time-series cross-section data . American Political Science Review , 89 : 634 – 47 .
  • Beck , N , Katz , JN , Alvarez , M , Garrett , G and Lange , P . 1993 . Government partisanship, labor organization, and macroeconomic performance: a corrigendum . American Political Science Review , 87 : 945 – 8 .
  • Breusch , T and Pagan , A . 1980 . The LM test and its applications to model specification in econometrics . Review of Economics Studies , 47 : 239
  • Castells , A . 2001 . The role of intergovernmental finance in achieving diversity and cohesion: the case of Spain . Environment and Planning C: Government and Policy , 19 : 189 – 206 .
  • Chernick , H . 1998 . Fiscal effects of block grants for the needy: an interpretation of the evidence . International Tax and Public Finance , 5 : 205 – 33 .
  • Correa , MD and Manzanedo , J . 2002 . Política regional española y europea. Período 1983–1999 . 2002 , Madrid. Working Paper SGFCC-2002-05 , Dirección General de Presupuestos, Ministerio de Hacienda .
  • FBBV . Renta nacional de España y su distribución provincial , Bilbao : FBBV . (various years)
  • Gamkhar , S . 2002 . Federal Intergovernmental Grants and the States , Cheltenham : Edward Elgar .
  • Gang , JN and Khan , HA . 1991 . Foreign aid, taxes, and public investment . Journal of Development Economics , 34 : 355 – 69 .
  • García-Milá , T and McGuire , TJ . 1990 . The effects of central government financing on regional government expenditures in Spain . Public Finance with Several Levels of Government, Proceedings of the 46th Congress of the International Institute of Public Finance . 1990 . Edited by: Prud'homme , R . Brussels : IIPF .
  • García-Milá , T and McGuire , TJ . 2001 . Do interregional transfers improve the economic performance of poor regions? The case of Spain . International Tax and Public Finance , 8 : 281 – 95 .
  • Gounder , R . 2001 . Aid–growth nexus: empirical evidence from Fiji . Applied Economics , 33 : 1009 – 19 .
  • Greene , WH . 1997 . “ Edn ” . In Econometric Analysis , 3rd , Englewood Cliffs, NJ : Prentice Hall .
  • Hamilton , JD and Flavin , MA . 1986 . On the limitations of government borrowing: a framework for empirical testing . American Economic Review , 76 : 808 – 19 .
  • Heller , PS . 1975 . A model of public fiscal behaviour in developing countries: aid, investment and taxation . American Economic Review , 65 : 429 – 45 .
  • Im , KS , Pesaran , MH and Shin , Y . 2003 . Testing for unit roots in heterogeneous panels . Journal of Econometrics , 115 : 53 – 74 .
  • Islam , M and Choudhury , SA . 1990 . Testing the exogeneity of grants to local governments . Canadian Journal of Economics , 23 : 676 – 92 .
  • Khan , HA and Hoshimo , E . 1992 . Impact of foreign aid on the fiscal behaviour of LDC countries . World Development Economics , 20 : 1481 – 8 .
  • King , DN . 1984 . Fiscal Tiers: The Economics of Multilevel Governments , London : George Allen & Unwin .
  • Knight , B . 2002 . Endogenous federal grants and crowd-out of state government spending: theory and evidence from the federal highway aid program . American Economic Review , 92 : 71 – 92 .
  • Lago-Peñas , S . 2001 . “ La evolución del gasto público autonómico y el sistema de financiación de las Comunidades de régimen común ” . In Estudios sobre la Economía Española EEE101, available at http://www.fedea.es/pub/eee/eee101.pdf
  • Levin , A , Lin , CF and Chu , C . 2002 . Unit root tests in panel data: asymptotic and finite sample properties . Journal of Econometrics , 108 : 1 – 24 .
  • MEH (Ministerio de Economía y Hacienda) . Liquidación de presupuestos de las Comunidades Autónomas , Madrid : Ministerio de Economía y Hacienda . (various years)
  • Meyers , HG . 1987 . Displacement effects of federal highway grants . National Tax Journal , 40 : 221 – 35 .
  • Nickell , S . 1981 . Biases in dynamic models with fixed effects . Econometrica , 49 : 1417 – 26 .
  • Oates , WE . 1972 . Fiscal Federalism , New York : Harcourt Brace Jovanovich .
  • Otim , S . 1996 . Foreign aid and government fiscal behaviour in low-income South Asian countries . Applied Economics , 28 : 927 – 33 .
  • Pack , H and Rothenberg , J . 1990 . Is foreign aid fungible? The case of Indonesia . Economic Journal , 100 : 188 – 94 .
  • Pack , H and Rothenberg , J . 1993 . Foreign aid and the question of fungibility . Review of Economics and Statistics , 75 : 258 – 65 .
  • Stiglitz , J and Weiss , A . 1981 . Credit rationing in markets with imperfect information . American Economic Review , 71 : 393 – 410 .
  • Sturm , JE . 1998 . Public Capital Expenditures in OECD Countries: The Causes and Impact of the Decline in Public Capital Spending , Cheltenham : Edward Elgar .
  • Suárez-Pandiello , J . 1999 . “ Fiscal federalism in Spain. Decentralization: an unfinished task ” . In Fiscal Federalism in the European Union , Edited by: Fossati , A and Panella , G . 222 – 54 . London : Routledge .
  • Vallés , J . 2002 . “ La coordinación de las políticas de endeudamiento autonómico: una aproximación a los factores explicativos de los Escenarios de Consolidación Presupuestaria ” . In Estudios sobre la Economía Española EEE125, available at http://www.fedea.es/pub/eee/eee125.pdf
  • Watts , RL . 1999 . The Spending Power in Federal Systems: A Comparative Study , Kingston : Institute of Intergovernmental Relations .
  • White , H . 1980 . A heteroskedastic-consistent covariance matrix estimator and a direct test for heteroskedasticity . Econometrica , 48 : 817 – 38 .
  • Wildasin , DE . 1986 . Urban Public Finance , New York : Harwood Academic Publishers .
  • Zampelli , EM . 1986 . Resource fungibility, the flypaper effect, and the expenditure impact of grants-in-aid . Review of Economics and Statistics , 68 : 33 – 40 .
  • Zou , HF . 1994 . Dynamic effects of federal grants on local spending . Journal of Urban Economics , 36 : 98 – 115 .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.