Abstract

MENDOZA TOLOSA, HENRY ANTONIO  and  CAMPO ROBLEDO, JACOBO. FISCAL STANCE AND REGIONAL ECONOMIC GROWTH IN COLOMBIA. Rev.fac.cienc.econ. [online]. 2016, vol.24, n.2, pp.29-45. ISSN 0121-6805.  https://doi.org/10.18359/rfce.2211.

This paper studies how public spending has affected the economic activity of the departments in Colombia during the period 2000-2013, from the application of different techniques derived from economic measurement whose results are compared to explain the intent of the fiscal stance of territorial governments in their economies. In this sense, we want to represent how it has influenced public spending on the regional product; and to what extent departments have contributed to national GDP identifying such impact's distinctive tax traits in order to explain the reason this allocation is efficient for regions. Among the different tools used MCO techniques are combined with contributions related to growth, rates of localization and / or specialization of public expenditure, the fixed capital's gross formation and added value. They are evaluated with its particular fiscal performance throughout the series. The results show that the regions that have better utilized the allocation of public resources in Colombia, regardless of the level of spending, they have obtained better performance of their economies, contrary to the arguments posed that public spending alone is an active catalyst.

Keywords : Fiscal performance; Fiscal stance; GDP; Regional economic growth.

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