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文章基本信息

  • 标题:"Federal funds" and the Puerto Rican economy: Myths and realities
  • 本地全文:下载
  • 作者:Emilio Pantojas-García
  • 期刊名称:Centro Journal
  • 印刷版ISSN:1538-6279
  • 出版年度:2007
  • 卷号:XIX
  • 期号:2
  • 页码:206-223
  • 语种:English
  • 出版社:The City University of New York
  • 其他摘要:Federal expenditures in Puerto Rico between 1975 and 2000 grew at an accelerated pace creating the perception of an economy dependent on federal welfare. An analysis was conducted disaggregating federal disbursements into three categories, expenditures of federal agencies, transfer payments and grants. Further analysis was conducted by analyzing the components of each category: unilateral transfers, transfers for paid or earned benefits, priorities of federal government agencies expenditures, etc. The analysis showed that: (1) the level of federal transfers grew dramatically during the 1970s but remained stable since the 1980s; (2) the greater portion of federal transfers to residents of Puerto Rico came from pensions or benefits earned for services rendered to the federal government or paid for by individuals while they were active in the workforce (social security, pensions, veterans benefits); (3) changes in the operating expenditures of federal agencies in Puerto Rico follow primarily the changing priorities of the United States government in Puerto Rico; and (4) federal subsidies to Puerto Rico benefit directly greatly U.S. corporations.
  • 关键词:economic development; welfare; subsidies; federal government; transfer payments; fiscal incentives; tax policies; U;S;- Puerto Rico relations
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