Abstract

JAEN GARCIA, Manuel. ALTERNATIVE MODELS TO EXPLAIN THE EVOLUTION OF SPANISH PUBLIC SPENDING. Semest. Econ. [online]. 2019, vol.22, n.51, pp.169-199. ISSN 0120-6346.  https://doi.org/10.22395/seec.v22n51a8.

To study the evolution of public spending in Spain during 1964-2016, this article empirically contrasts different alternative models, with variables from both the supply and demands sides, The usual methodology of unit roots and cointegration in time series is used to contrast models, using as a basis autoregressive distributed delay models for the long term and error correction models for the short term. Of the three models that were taken in account, the one that best explains the behavior of the Spanish public sector is the public finance model to which the explanatory bureaucracy variable has been added.

JEL CLASSIFICATION: H11, H50, E62

CONTENT: Introduction; 1. Spanish public spending during 1964-2016; 2. Models of public spending determinants; 3. Empirical contrasts; 4. Conclusions; Bibliography.

Keywords : Public spending; public finance model; public choice model; public administration model; unit roots; cointegration.

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