On the determinants of local government debt: Does one size fit all?
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Other documents of the author: Balaguer-Coll, Maria Teresa; Prior, Diego; Tortosa-Ausina, Emili
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comunitat-uji-handle2:10234/8648
comunitat-uji-handle3:10234/8649
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INVESTIGACIONMetadata
Title
On the determinants of local government debt: Does one size fit all?Date
2016Publisher
Taylor & FrancisBibliographic citation
BALAGUER COLL, María Teresa; PRIOR JIMÉNEZ, Diego; TORTOSA AUSINA, Emili. On the determinants of local government debt: Does one size fit all?. International Public Management Journal (2016), v. 19, n. 4, pp. 513-542.Type
info:eu-repo/semantics/articlePublisher version
http://www.tandfonline.com/doi/full/10.1080/10967494.2015.1104403Version
info:eu-repo/semantics/submittedVersionSubject
Abstract
This paper analyzes the factors that directly influence levels of debt in Spanish local governments.
Specifically, the main objective is to find out the extent to which indebtedness is originated by
controllable ... [+]
This paper analyzes the factors that directly influence levels of debt in Spanish local governments.
Specifically, the main objective is to find out the extent to which indebtedness is originated by
controllable factors that public managers can influence, or whether it hinges on other variables
beyond managers’ control. The importance of this issue has intensified since the start of the crisis
in 2007, due to the abrupt decline of revenues and, simultaneously, to the stagnation (or even
increase) in the levels of costs facing these institutions face. Results can be explored from multiple
perspectives, given that the set of explanatory factors is also multiple. However, the most interesting
result relates to the varying effect of each covariate depending on each municipality’s specific debt
level, which suggests that economic policy recommendations should not be homogeneous across local
governments. [-]
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International Public Management Journal (2016), v. 19, n. 4Rights
http://rightsstatements.org/vocab/CNE/1.0/
info:eu-repo/semantics/openAccess
info:eu-repo/semantics/openAccess
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