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Fiscal Responsibility Laws for Subnational Discipline: The Latino Experience |
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Abstract:
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This paper discusses Fiscal Responsibility Laws in Latin America, with special attention to their part concerning subnational governments. It discusses why and when such laws might be useful, and when they could be counterproductive. It examines the cases of Argentina, Brazil, and Colombia, as well as the case of Mexico where other types of laws and regulations aim to achieve the same objectives of solidifying incentives for fiscal discipline at all levels of government. FRLs are found to be useful in some cases, although the experience is not long enough to be certain, but they are clearly not necessary in every case, nor always sufficient to assure fiscal stability. |
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fiscal (180), govern (172), debt (109), state (105), feder (90), nation (90), subnat (69), frl (69), law (68), yes (66), provinc (62), polit (56), deficit (55), revenu (52), parti (46), borrow (46), bank (43), also (42), limit (42), rule (41), level (40), |
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Association:
Name: American Political Science Association URL: http://www.apsanet.org
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Citation:
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MLA Citation:
| Webb, Steven. "Fiscal Responsibility Laws for Subnational Discipline: The Latino Experience" Paper presented at the annual meeting of the American Political Science Association, Philadelphia Marriott Hotel, Philadelphia, PA, Aug 27, 2003 <Not Available>. 2009-05-26 <http://www.allacademic.com/meta/p64077_index.html> |
APA Citation:
| Webb, S. , 2003-08-27 "Fiscal Responsibility Laws for Subnational Discipline: The Latino Experience" Paper presented at the annual meeting of the American Political Science Association, Philadelphia Marriott Hotel, Philadelphia, PA Online <.PDF>. 2009-05-26 from http://www.allacademic.com/meta/p64077_index.html |
Publication Type: Conference Paper/Unpublished Manuscript Review Method: Peer Reviewed Abstract: This paper discusses Fiscal Responsibility Laws in Latin America, with special attention to their part concerning subnational governments. It discusses why and when such laws might be useful, and when they could be counterproductive. It examines the cases of Argentina, Brazil, and Colombia, as well as the case of Mexico where other types of laws and regulations aim to achieve the same objectives of solidifying incentives for fiscal discipline at all levels of government. FRLs are found to be useful in some cases, although the experience is not long enough to be certain, but they are clearly not necessary in every case, nor always sufficient to assure fiscal stability. |
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| Document Type: |
.pdf |
| Page count: |
31 |
| Word count: |
13586 |
| Text sample: |
| Laws of Fiscal Responsibility for Subnational Discipline: The Latino Experience by Steven B. Webb World Bank August 2003 Summary: This paper discusses Fiscal Responsibility Laws in Latin America with special attention to their part concerning subnational governments. It discusses why and when such laws might be useful and when they could be counterproductive. It examines the cases of Argentina Brazil and Colombia as well as the case of Mexico where other types of laws and regulations aim to achieve |
| No limit 12% Entre Ríos 25% 27% Formosa 25% 39% Jujuy 20% 31% La Pampa 25% 1% La Rioja (b) 25% 6% Mendoza No limit 14% Misiones 25% 10% Neuquén No limit 14% Río Negro 25% 26% Salta 25% 13% San Juan No limit 12% San Luis (b) 25% 0% Santa Cruz No limit 2% Santa Fe 25% 5% Sgo del Estero 25% 6% Tucumán No limit 22% Tierra del 25% 19% Fuego Source: own elaboration based in Sanguinetti |
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