Issue 2-2014 of the EC series of the Working Papers, published by the Valencia Institute of Economic Research, includes a paper by Antoni Zabalza and Julio López Laborda, entitled “The Uneasy Coexistence of the Spanish Foral and Common Regional Finance Systems“, where they conclude that the quota is none other than an indirect way of calculating the equalization transfer between the central government and the region in question, so that if the expenditure needs are measured consistently throughout the system, the way of calculating the quota is totally neutral. According to the authors, an economic advantage occurs from the imputation procedure used to calculate the quota that is justified in over 60% due to differences in jurisdiction with the communities under the common system.
To stay up to date with the latest news,
Grappling with the Quota
Sunday, 16 de October de 2016