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Title: Catalan Grievances: Do Fiscal Flows Matter?
Author: Bosch Roca, Núria
Espasa Queralt, Marta
Keywords: Política fiscal
Balança de pagaments
Dèficit públic
Fiscal policy
Balance of payments
Budget deficits
Issue Date: Dec-2017
Publisher: Il Mulino
Abstract: The purpose of this article is to examine the fiscal flows produced by the actions of the Spanish central public sector concerned with Catalonia and their main determinants. We also compare the Catalan fiscal balance with that of rich territories in other countries (Australia, Belgium, Canada, the USA, Spain and Italy). To this aim the article examines, first, whether the methodology used in Catalonia meets international standards; second, whether the Catalan fiscal deficit is indeed among the largest in a sample of territories analysed; third, which are its main determinants. The methodology for calculating fiscal balances is found to be fairly standardised internationally, revealing that Catalonia has a structural fiscal deficit of between 6 and 8 percent of GDP, according to whether the benefit or the flow approach is applied. These figures are a consequence, to a large extent, of the Spanish system of financing the Autonomous Communities. Finally, we briefly discuss whether the fiscal flows can justify, at least partially, the current secessionist process of Catalonia.
Note: Versió postprint del document publicat a:
It is part of: Journal of Economic Policy, 2017, vol. XXXIII, num. 3, p. 345-374
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ISSN: 1120-9496
Appears in Collections:Articles publicats en revistes (Economia)

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