The political economy of the fiscal deficit in nineteenthcentury Chile

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cepal.articleNo9
cepal.bibLevelSección o Parte de un Documento
cepal.callNumberLC/PUB.2017/8-P
cepal.docTypeRevistas
cepal.jelCodeH21
cepal.jelCodeH62
cepal.jobNumberRVI121_Pasten
cepal.physicalDescriptiongráficos., tablas.
cepal.regionalOfficeSantiago
cepal.topicEngECONOMIC HISTORY OF LATIN AMERICA AND THE CARIBBEAN
cepal.topicEngPUBLIC ADMINISTRATION
cepal.topicSpaGESTIÓN PÚBLICA
cepal.topicSpaHISTORIA ECONÓMICA DE AMÉRICA LATINA Y EL CARIBE
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaSpaDESARROLLO ECONÓMICO
dc.contributor.authorPastén, Roberto
dc.coverage.spatialEngCHILE
dc.coverage.spatialSpaCHILE
dc.date.accessioned2017-08-08T16:25:53Z
dc.date.available2017-08-08T16:25:53Z
dc.date.issued2017-04
dc.description.abstractA structural shift in the trend toward higher deficits had emerged by the middle of the 1860s in Chile. For some authors, this was the result of increased spending owing to a fastgrowing economy. Another common explanation is the higher spending required to finance and then recover from the war against Spain, which began in 1864. This article provides an alternative explanation for the country’s fiscal disarray during that period, suggesting that it was motivated largely by increased political turmoil at the beginning of the second half of the nineteenth century in Chile that ended with the ousting of President Balmaceda in 1891. That period represents a dramatic departure from the calmer and economically buoyant early years of the Republic. Thus, it is suggested that the beginning of President José Joaquín Pérez’s rule in 1861 marks both a major political realignment after the birth of the Republic and a structural shift in the trend toward higher deficits. This hypothesis is consistent with the idea that political instability tends to lead to a decoupling of taxes from spending, two elements which would be otherwise aligned as predicted by the tax smoothing theory. This essay is a factual description in support of this hypothesis.
dc.formatTexto
dc.format.extentpáginas. 157-17
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/PUB.2017/8-P
dc.identifier.urihttps://hdl.handle.net/11362/42015
dc.language.isoeng
dc.physicalDescriptionp. 157-170: gráfs., tabls.
dc.relation.isPartOfCEPAL Review
dc.relation.isPartOfNo121
dc.relation.isPartOfSeriesCEPAL Review
dc.relation.translationLanguagespa
dc.relation.translationRecordLa economía política del déficit fiscal en el Chile del siglo XIX
dc.relation.translationUrihttps://hdl.handle.net/11362/41154
dc.rights.coarDisponible
dc.subject.unbisEngFISCAL POLICY
dc.subject.unbisEngBUDGET DEFICITS
dc.subject.unbisEngNATIONAL BUDGETS
dc.subject.unbisEngECONOMIC HISTORY
dc.subject.unbisSpaPOLITICA FISCAL
dc.subject.unbisSpaDEFICIT PRESUPUESTARIO
dc.subject.unbisSpaPRESUPUESTOS NACIONALES
dc.subject.unbisSpaHISTORIA ECONOMICA
dc.titleThe political economy of the fiscal deficit in nineteenthcentury Chile
dc.type.coarrevista
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