Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/314478 
Title (translated): 
Proposal for a new fiscal pact to strengthen the resilience of state finances in Mexico
Year of Publication: 
2024
Citation: 
[Journal:] Revista de Métodos Cuantitativos para la Economía y la Empresa [ISSN:] 1886-516X [Volume:] 38 [Year:] 2024 [Pages:] 1-24
Publisher: 
Universidad Pablo de Olavide, Sevilla
Abstract (Translated): 
Mexico's fiscal response to the needs arising from the COVID-19 pandemic was among the lowest compared to other Latin American countries. This study examines the fiscal effort at the state level in Mexico over a 27-year period, using a panel database that includes all 31 states of the Republic. The results obtained through a generalized least squares model (GLS) suggest that the dependence of state governments on federal transfers is unsustainable. It is concluded that there is a need to enhance the resilience of state public finances to address the increasing local needs and unexpected challenges, such as those brought on by the COVID-19 health crisis. As a suggestion, the reconfiguration of taxes related to tourism and the introduction of specific taxes for nature-based tourism are proposed.
Subjects: 
Decentralization
fiscal effort
local governments
Mexico
JEL: 
H20
H39
H50
H72
H77
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-sa Logo
Document Type: 
Article

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