On the Determinants of Local Government Debt: Does One Size Fit All?

Content Provider	Scilit
Author	Balaguer-Coll, Maria Teresa Prior, Diego Tortosa-Ausina, Emili
Copyright Year	2015
Description	This article 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 2008, due to the abrupt decline of revenues and, simultaneously, to the fact that the levels of costs these institutions face has remained the same or, in some cases, increased. Results can be explored from multiple perspectives, given that the set of explanatory factors is also multiple. However, the most interesting finding is the varying effect of each covariate depending on a municipality's specific debt level, which suggests that economic policy recommendations should not be homogeneous across local governments.
Related Links	https://core.ac.uk/download/pdf/75987436.pdf http://repositori.uji.es/xmlui/bitstream/10234/165076/1/Balaguer_2016_On.pdf
Ending Page	542
Page Count	30
Starting Page	513
ISSN	10967494
e-ISSN	15593169
DOI	10.1080/10967494.2015.1104403
Journal	International Public Management Journal
Issue Number	4
Volume Number	19
Language	English
Publisher	Informa UK Limited
Publisher Date	2016-10-01
Access Restriction	Open
Subject Keyword	Journal: International Public Management Journal Public Administration Crisis Debt Decline Local Governments Extent Hinges Recommendations Abrupt Revenues Simultaneously
Content Type	Text
Resource Type	Article
Subject	Public Administration Business and International Management