http://www.iecon.ccee.edu.uy
English
SEARCH
Research Teams

Economic History, Political Economy and Fiscal Policy

 
The group explores the political economy of fiscal policy, investigating design and implementation processes, as well as impacts on income distribution and economic performance. We focus on the national economy, as well as other Latin American economies and those outside the region. In particular, we find comparisons with the developed economies useful. In addition to the comparative approach, we take a long-run perspective, which allows us to combine the skills of researchers trained in economics as well as those trained in history. The main lines of investigation focus on the following topics:
•    The importance of institutional, political, economic and demographic factors in the choice, design and implementation of fiscal policy on the part of governments.
•    The effects of taxing and spending tools on economic growth and income inequality.
•    The short and long run relationship between economic growth, on one hand, and income and wealth inequality, on the other.
•    Public finance topics in Uruguayan economic history, covering periods that allow us discuss the different restrictions on fiscal policy management that operated at different times.


Members:
 
  Recent publications in the area
Author/s: Muinelo, Leonel; and Suanes Martinez, Macarena
Date: 2017
This paper analyzes the long-term relationship between R&D, innovations and productivity in 400 Uruguayan manufacturing firms during the period 2001 to 2009 based on a modified version of the structural model of Crepon, Duguet and Mairesse (CDM).
Author/s: Muinelo, Leonel; Kyriacou, Andreas P.; Roca-Sagalés, Oriol
Date: 2016
This article argues that existing empirical work has failed to adequately deal with this possibility. In light of this, it applies a simultaneous equation model which accounts for the joint determination of these three variables, to a sample of 23 OECD countries.
Date: 2016
In this paper we explore the bidirectional relationship between intergovernmental transfers and regional income inequalities in Uruguay.
Author/s: Muinelo, Leonel; P. Kyriacou, Andreas; Roca-Sagalés, Oriol
Date: 2015
The construction sector, whether privately or publicly financed, is characterized by potentially large rents and government intervention making it vulnerable to corruption. Consistent with this, both case-study and survey evidence has been provided highlighting the problem of malfeasance in this sector. In this article, we test the proposition that a bigger construction sector is likely to be inimical to clean government based on a panel of 42 countries over the period 1995–2011.
Author/s: Muinelo, Leonel; Kyriacou, Andreas; Roca-Sagalés, Oriol
Date: 2015
In this paper we consider how government quality mediates the relationship between fiscal decentralization and regional disparities. Previous work has argued that fiscal decentralization has the potential to reduce income differences across regions but that this potential may not be realized because of governance problems associated with sub-national authorities. Our empirical evidence based on a sample of 24 OECD countries over the period 1984 to 2006 lends a measure of support to this idea. We find that fiscal decentralization promotes regional convergence in high government quality settings but, worryingly, it leads to wider regional disparities in countries with poor governance.
Date: 2014
In this paper we analyze the mediating role of governance quality in the relationship between fiscal decentralization and regional disparities. Previous work has argued that fiscal decentralization has the potential to reduce income differences across regions but that this potential may not be realized because of governance problems associated with sub-national authorities. Our empirical evidence based on a sample of departments (regions) of Uruguay over the period 1990-2010 lends support to this idea. The empirical results show that fiscal decentralization promotes regional convergence, and this effect is boosted in high governance quality settings.
IECON
CCECO
UDELAR
© 2011 iecon.ccee.edu.uy | instituto@iecon.ccee.edu.uy | Tel: +598 24000466 | +598 24001369 | +598 24004417 | Fax: +598 24089586 | Joaquín Requena 1375 | C.P. 11200 | Montevideo - Uruguay
i2es