Instituciones fiscales, prestamistas y desarrollo local: Un análisis de la deuda de los municipios de Jalisco

Fiscal institutions, lenders and local development: An analysis of the debt of the municipalities in Jalisco

Antonio Ruiz-Porras and Nancy Garcia-Vazquez

MPRA Paper from University Library of Munich, Germany

Abstract: This study examines the debts of the municipalities of the Mexican state of Jalisco from an institutional and economic perspective. We find that fiscal institutions and institutional processes are often incomplete and inadequate. We also find that: 1) The municipalities that borrow the most are the most developed ones; 2) most municipalities borrow debt from development banks; 3) the most developed municipalities borrow from commercial banks; and 4) underdeveloped municipalities borrow debt rapidly in spite of having little access to commercial banks. The study uses annual panel-data of the 125 municipalities of Jalisco for the period 2005-2012.

Keywords: Debt; Municipalities; Fiscal Institutions; Lenders; Local Development; Jalisco (search for similar items in EconPapers)
JEL-codes: G20 H74 R50 (search for similar items in EconPapers)
Date: 2013-06-27
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:47875

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