RT Journal Article
T1 Do Political Factors Affect Fiscal Consolidation? Evidence From Spanish Regional Governments
A1 Vaquero García, Alberto
A1 Cadabal Sampedro, María
A1 Lago Peñas, Santiago
K1 Fiscal consolidation
K1 Regional incumbents
K1 Public deficit
K1 Political determinants
AB This paper empirically examines the political factors behind the different fiscal consolidation paths across Spanish regions over the period 2004 to 2017. Spanish regions provide an interesting case study due to both the strong fiscal decentralization and the deep impact of the so-called “Great Recession” on subcentral budget constraints in Spain. The estimates confirm that governments react to fiscal imbalances by reducing expenditure growth, but this reaction depends on the electoral budget cycle and the results of elections. Fiscal consolidation tends to stop in election years and is boosted by changes in the incumbent. By contrast, neither ideology nor fragmentation of government systematically affects the dynamics of fiscal adjustment.
PB SAGE Publications
SN 2158-2440
YR 2022
FD 2022
LK https://hdl.handle.net/10347/42590
UL https://hdl.handle.net/10347/42590
LA eng
NO Vaquero-García, A., Cadaval-Sampedro, M., & Lago-Peñas, S. (2022). Do political factors affect fiscal consolidation? Evidence from Spanish regional governments. SAGE Open, 12(1), 21582440221085002. https://doi.org/10.1177/21582440221085002
NO The authors acknowledge financial support from the Spanish Ministry of Science, Innovation and Universities (grant number AEI/FEDER CSO2017-85024-C2-2-P).
DS Minerva
RD 28 abr 2026