Spanish Abstract: Este artículo analiza la actividad regulatoria y sus motivaciones considerando algunos conceptos de la nueva economía institucional. La elaboración de mejores marcos regulatorios da legitimidad a la acción del Estado. Sin embargo, dicha legitimidad solo se logra cuando esos...

Adam Smith held that needs comprise, “not only those things which nature, but those things which the established rules of decency have rendered necessary”. In other words, they are socially determined. Needs are not independent of the budget constraints faced by each society. As economic...

English Abstract: In this article I examine the determinants of job sector choice with a particular interest in the relationship with the so-called concept of public service motivation (PSM), in the context of a developing country. I use multinomial logit (MNL) to understand individuals'...

English Abstract: This article presents a comparative analysis of the optimal fiscal response to shocks in the sub-national public sector in cooperative and non-cooperative models. The analysis is undertaken by comparing models that assume idiosyncratic demandside shocks and sub-national...

Spanish Abstract: El objeto de este breve trabajo es examinar la sustancial transformación que ha tenido lugar en el ordenamiento jurídico-presupuestario a consecuencia de la estabilidad presupuestaria, desde el primer pacto de estabilidad presupuestaria a la reforma constitucional, así como...

En este trabajo se propone estimar las reformas tributarias que aumentaronsignificativamente el recaudo del impuesto de industria, comercio, avisos ytableros (ICA) en Bogotá a través de la metodología VAR, para el periodo1961-2004. En este contexto, se examinarán las pruebas de causalidad...

This paper provides a first approach to the analysis of the determinants of public balances of regional (Autonomous) governments. These determinants have been divided into economic, political and institutional factors and into those factors specific to lower levels of government (fiscal...