During the years of crisis, Spain’s autonomous communities have experienced a significant general increase in their deficits and, until 2012, have had severe difficulties to control them. Their debts have grown strongly and are considered the most worrying element of Spain’s public finance...

This paper ana1yzes the behavior of productive efficiency in the Spanish Regions for the period 1964-1989. From a growth accounting approach, it describes the regional evolution of total factor productivity (TFPs), based on a private input production function. A more strict efficiency measure is...

This paper analyzes the problems in designing a tax sharing system when there are two governments levels with rights over the same taxes. Using a principal-agent model, the optimality of the different tax sharing systems is discussed. The presence of efficiency problems derived from the lack of...

This paper questions whether the main argument in favour of decentralization (the recognition of a territorial diversity of preferences when deciding on public expenditure) is validated ID the Spanish Central-Regional Governments framework. Using information supplied by the Regional Government...

This paper analyses the degree of competition among banks and savings banks during the 1992-99 period using two industrial organisation tools: the Panzar and Rosse contrast (1987) and Lerner¿s estimation of indices. Panzar and Rosse¿s contrast does not allow to reject the monopolistic...

This paper deals with the problem of fiscal corresponsability of twogovemment levels in a game theory context. It is assumed that Nash equilibriaof the non-cooperative game between both Govemments are not Pareto optimal.Then, assurning the existence of non-equilibrium strategies, which would...

The expansion and intensification of banking competition, which has occurred inSpain during the last ten years, has allowed banks and savings banks to define theircompetitive strategies with more freedom. This paper analyzes the similarities andthe differences in their product mix along with its...

The paper analyzes differences in economic conditions of Spanish regions and theirevolution from the point of view of growth theory, emphasizing the convergence process.The characterization of this process varies depending on the type of data we use: thetraditional source, elaborated since 1955...

The aim of this paper is to analyze the efficiency of the Spanish banking system forthe period since Spain's incorporation into the EC (1986) to the beginning of the Unit Marketin 1993. A new productivity analysis is justified by the deep changes experienced duringthese years in the banking...

This paper presents the first results of a broader research carried out by the Instituto Valenciano deInvestigaciones Económicas (IVIE) on public capital and regional development in Spain. An estimation ofpublic capital endowments, for the years 1980, 1985 and 1990, is obtained, for the first...