Publication: El papel del presupuesto en el crecimiento económico español: Una visión a largo plazo
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1994
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Alianza Editorial : Centro de Estudios Constitucionales (España)
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El propósito de este artículo es evaluar si la acción presupuestaria del Estado español favoreció la industrialización. En la España contemporánea los gobiernos han abusado de la reglamentación económica, mientras que no han suministrado los bienes públicos y preferentes. La frecuencia de los déficits presupuestarios y su financiación inflacionista tampoco favorecieron el crecimiento económico. Contrariamente, hasta la reforma tributaria de 1978 el régimen tributario liberal estableció una baja presión fiscal, y favoreció el ahorro, la inversión y el empleo, con el fin de impulsar la industrialización.
This article analyzes the extent to which fiscal policy has contributed to the industrialization of Spain over the last two centuries. Spanish governments have traditionally placed excessive emphasis on policies of economic regulation but at the same time, they have failed to provide a suitable level of merit and public goods. Recurrent budget deficits were always financed by inflationary means, which did nothing to promote economic growth. In clear contrast with public expenditures, the system of taxation which prevailed until 1978 meant that there was not much of a tax burden. This allowed for a level of savings, and potential investment, which was conducive to industrialization.
This article analyzes the extent to which fiscal policy has contributed to the industrialization of Spain over the last two centuries. Spanish governments have traditionally placed excessive emphasis on policies of economic regulation but at the same time, they have failed to provide a suitable level of merit and public goods. Recurrent budget deficits were always financed by inflationary means, which did nothing to promote economic growth. In clear contrast with public expenditures, the system of taxation which prevailed until 1978 meant that there was not much of a tax burden. This allowed for a level of savings, and potential investment, which was conducive to industrialization.
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Editada en la Universidad Carlos III
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Revista de Historia Económica Año XII Primavera-verano 1994 n. 2 pp. 283--314