TOWARDS FISCAL COORDINATION IN SOUTH AMERICA: A PROPOSAL BASED ON INTER-COUNTRY FISCAL MULTIPLIERS
Fuente:
Redalyc
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Artículo científico |
| Sprache: | en |
| Veröffentlicht: |
Universidad Nacional de Colombia
2020
|
| Schlagworte: | |
| Online-Zugang: | |
| Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
| _version_ | 1876422847874727936 |
|---|---|
| author | Matias Tordiinsky Landau |
| author_facet | Matias Tordiinsky Landau |
| contents | TOWARDS FISCAL COORDINATION IN SOUTH AMERICA: A PROPOSAL BASED ON INTER-COUNTRY FISCAL MULTIPLIERS Matias Tordiinsky Landau Economía y Finanzas input output South America Fiscal multipliers regional integration Based on the methodology developed by Cingolani, Garbellini, and Wirkierman (2013) and the inter-country input-output (ICIO) tables published by the OECD, we estimate a matrix of multi-country income multipliers for five South American countries for the 2005-2015 period. We then devise a linear program to calculate the requirements of a coordinated fiscal expansion (where each country participates, although not in the same proportion) in order to achieve a target rate of growth for all countries in the region. This policy outperforms the implementation of isolated actions by each government, considering both their fiscal and external costs.JEL: C61; C67; F14; F15; O41. 2020 artículo científico 0121-4772 https://www.redalyc.org/articulo.oa?id=282169934005 https://www.redalyc.org/journal/2821/282169934005/ https://www.redalyc.org/journal/2821/282169934005/html/ https://www.redalyc.org/journal/2821/282169934005/282169934005.epub https://www.redalyc.org/journal/2821/282169934005/movil 10.15446/cuad.econ.v39n80.82613 en http://www.redalyc.org/revista.oa?id=2821 Cuadernos de Economía application/pdf Universidad Nacional de Colombia Cuadernos de Economía (Colombia) Num.80 Vol.XXXIX |
| format | Artículo científico |
| id | redalyc_282169934005 |
| institution | Redalyc |
| language | en |
| publishDate | 2020 |
| publisher | Universidad Nacional de Colombia |
| spellingShingle | TOWARDS FISCAL COORDINATION IN SOUTH AMERICA: A PROPOSAL BASED ON INTER-COUNTRY FISCAL MULTIPLIERS Matias Tordiinsky Landau Economía y Finanzas input output South America Fiscal multipliers regional integration TOWARDS FISCAL COORDINATION IN SOUTH AMERICA: A PROPOSAL BASED ON INTER-COUNTRY FISCAL MULTIPLIERS Matias Tordiinsky Landau Economía y Finanzas input output South America Fiscal multipliers regional integration Based on the methodology developed by Cingolani, Garbellini, and Wirkierman (2013) and the inter-country input-output (ICIO) tables published by the OECD, we estimate a matrix of multi-country income multipliers for five South American countries for the 2005-2015 period. We then devise a linear program to calculate the requirements of a coordinated fiscal expansion (where each country participates, although not in the same proportion) in order to achieve a target rate of growth for all countries in the region. This policy outperforms the implementation of isolated actions by each government, considering both their fiscal and external costs.JEL: C61; C67; F14; F15; O41. 2020 artículo científico 0121-4772 https://www.redalyc.org/articulo.oa?id=282169934005 https://www.redalyc.org/journal/2821/282169934005/ https://www.redalyc.org/journal/2821/282169934005/html/ https://www.redalyc.org/journal/2821/282169934005/282169934005.epub https://www.redalyc.org/journal/2821/282169934005/movil 10.15446/cuad.econ.v39n80.82613 en http://www.redalyc.org/revista.oa?id=2821 Cuadernos de Economía application/pdf Universidad Nacional de Colombia Cuadernos de Economía (Colombia) Num.80 Vol.XXXIX |
| title | TOWARDS FISCAL COORDINATION IN SOUTH AMERICA: A PROPOSAL BASED ON INTER-COUNTRY FISCAL MULTIPLIERS |
| topic | Economía y Finanzas input output South America Fiscal multipliers regional integration |
| url | https://www.redalyc.org/articulo.oa?id=282169934005 https://www.redalyc.org/journal/2821/282169934005/ https://www.redalyc.org/journal/2821/282169934005/html/ https://www.redalyc.org/journal/2821/282169934005/282169934005.epub https://www.redalyc.org/journal/2821/282169934005/movil |