Munich Personal RePEc Archive

El Fondo de Compensación Interterritorial: Análisis y propuestas de reforma

Fernández-Leiceaga, Xoaquin and Lago-Peñas, Santiago and Álvarez-Corbacho, Xoaquín (2013): El Fondo de Compensación Interterritorial: Análisis y propuestas de reforma.

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Abstract

The aim of this paper is twofold. First, we analyze the Inter-territorial Compensation Fund (ICF) as a regional policy instrument contemplated in the 1978 Spanish Constitution. Attention is focused on the period 1990-2013. Both the drivers of the ICF and its impact on regional public investment are analyzed. Second, a reform proposal is discussed, involving changes in ICF total amount in order to compensate the decline of the flow of European funds to Spain. The criteria to become a beneficiary region and the distribution of grants are also discussed. Finally, we stress the need to improve planning, efficiency, and transparency in using ICF resources.

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