DEBT FINANCING OF LOCAL AUTHORITIES IN THE EU MEMBER COUNTRIES

Katerina Zhegova ()
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Katerina Zhegova: South-West University "Neofit Rilski", Blagoevgrad

Entrepreneurship, 2019, vol. 7, issue 1, 57-63

Abstract: The present paper is intended to study the debt financing of local authorities in the EU member countries for the period of 2013-2016. The empirical estimations have been done via OLS method on a simple regression model. Local debt is a dependent variable. Revenues from local taxes, local expenditures, local budgetary balance as well as the number of municipalities, average municipality’s population and GDP per capita in a country are used as independent variables. The results confirm that local debt was really affected by local taxes, local expenditures and number of municipalities.

Keywords: local debt; local taxes; local budgetary balance; local expenditures; number of municipalities; average population and GDP per capita; regression analysis (search for similar items in EconPapers)
JEL-codes: H62 H71 H72 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:neo:epjour:v:7:y:2019:i:1:p:57-63

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