<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>2619-6573</journal-id>
<journal-title><![CDATA[Ensayos de Economía]]></journal-title>
<abbrev-journal-title><![CDATA[Ens. Econ.]]></abbrev-journal-title>
<issn>2619-6573</issn>
<publisher>
<publisher-name><![CDATA[Universidad Nacional de Colombia]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2619-65732020000200148</article-id>
<article-id pub-id-type="doi">10.15446/ede.v30n57.81407</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Política fiscal subnacional y ciclos económicos regionales: análisis para el caso de los departamentos en Colombia, 2000-2016]]></article-title>
<article-title xml:lang="en"><![CDATA[Regional Fiscal Policy and the Business Cycle in Colombia, 2000-2016]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Chamorro-Narváez]]></surname>
<given-names><![CDATA[Raúl Alberto]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Santos-Ospina]]></surname>
<given-names><![CDATA[Andrés Camilo]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Urrea-Bermúdez]]></surname>
<given-names><![CDATA[Andrés Felipe]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Nacional de Colombia Facultad de Ciencias Económicas ]]></institution>
<addr-line><![CDATA[Bogotá ]]></addr-line>
<country>Colombia</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad Nacional de Colombia Facultad de Ciencias Económicas ]]></institution>
<addr-line><![CDATA[Bogotá ]]></addr-line>
<country>Colombia</country>
</aff>
<aff id="Af3">
<institution><![CDATA[,Universidad Nacional de Colombia Facultad de Ciencias Económicas ]]></institution>
<addr-line><![CDATA[Bogotá ]]></addr-line>
<country>Colombia</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>12</month>
<year>2020</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>12</month>
<year>2020</year>
</pub-date>
<volume>30</volume>
<numero>57</numero>
<fpage>148</fpage>
<lpage>174</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_arttext&amp;pid=S2619-65732020000200148&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_abstract&amp;pid=S2619-65732020000200148&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_pdf&amp;pid=S2619-65732020000200148&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen En este documento se analiza la sensibilidad de un conjunto de variables fiscales con respecto a la brecha del PIB departamental, medida como la diferencia entre el crecimiento observado y su crecimiento de largo plazo. Por medio de un modelo de datos panel con efectos fijos y temporales se encontró que tanto los ingresos totales como las transferencias de las gobernaciones tendieron a ser procíclicas frente a la brecha del PIB durante el periodo 2000-2016, en contravía de la expectativa empírica. Por su parte, el recaudo propio y los gastos totales evidenciaron aciclicidad. Estos resultados sugieren limitaciones de la política fiscal departamental en Colombia para atenuar los efectos derivados de los ciclos económicos; aspecto deseable para lograr una estabilidad en la provisión de bienes y servicios públicos a su cargo. JEL: H39; H70; H71; H72.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract This paper estimates the elasticity of some fiscal variables to the regional GDP gap, measured as the difference between the observed growth and its long-term trend. By using panel data methodology with fixed and temporary effects we found that both total revenues and grants of regional level of government were procyclical for the period 2000-2016, opposite to what is expected. On the other hand, own-source incomes and total expenses showed aciclicity. These results suggest the presence of constraints of regional fiscal policy in Colombia in order to mitigate business cycles effects. JEL: H39; H70; H71; H72.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[política fiscal subnacional]]></kwd>
<kwd lng="es"><![CDATA[ciclos económicos]]></kwd>
<kwd lng="es"><![CDATA[PIB departamental]]></kwd>
<kwd lng="es"><![CDATA[transferencias intergubernamentales]]></kwd>
<kwd lng="en"><![CDATA[subnational fiscal policy]]></kwd>
<kwd lng="en"><![CDATA[business cycles]]></kwd>
<kwd lng="en"><![CDATA[regional GDP]]></kwd>
<kwd lng="en"><![CDATA[grants]]></kwd>
</kwd-group>
</article-meta>
</front><back>
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