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This document presents a detailed analysis of the structure of general government spending in Spain and its recent ….2% compared to 46% in the EU-15). In terms of the composition by expenditure items, Spain has a relatively high weight compared to … other European countries in items such as social benefits (pensions and unemployment) and debt interest payments, but a …
Persistent link: https://www.econbiz.de/10014261355
Population ageing is a major global challenge. The Latin American economies have a younger population structure than other emerging and advanced economies, which has allowed them to enjoy the so-called demographic dividend (a favourable working age/non-working age population ratio). However,...
Persistent link: https://www.econbiz.de/10012831192
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The evolution of Regional and Local governments' spending in Spain is currently under close scrutiny by national and …
Persistent link: https://www.econbiz.de/10013119437
This article characterises the level of uncertainty in the Spanish economy. Various indicators are analysed, distinguishing their source: financial market volatility, degree of disagreement between agents on the economic situation and economic policy uncertainty. Aggregate uncertainty in the...
Persistent link: https://www.econbiz.de/10012964010
We extend previous work that combines the Value at Risk approach with estimation of the correlation pattern of the macroeconomic determinants of public debt dynamics by means of Vector Auto Regressions (VARs). These estimated models are used to compute the probability that the public debt ratio...
Persistent link: https://www.econbiz.de/10012964781
This paper estimates the GDP impact of legislated tax changes in Spain using a newly constructed narrative record for …
Persistent link: https://www.econbiz.de/10012955551
targets on the basis of economic, institutional, and political factors. The framework is applied to Spain's Autonomous … Communities (regions) over the period 2002-2015. Fiscal noncompliance among Spain's regions has shown to be persistent. It … containing fiscal non-compliance. Reducing fiscal non-compliance in multilevel governance systems such as the one in Spain …
Persistent link: https://www.econbiz.de/10012962146