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Local government debt: an application to the Spanish case

David Cantarero (), Marta Pascual (), Roberto Fernandez () and María A. García-Valiñas ()
Authors registered in the RePEc Author Service: María A. García-Valiñas ()

ERSA conference papers from European Regional Science Association

Abstract: For the last years, Europe has been subject to fiscal austerity in order to satisfy the Maastrich criteria. In this way, Spanish municipalities have been affected by new regulations and local government structure has changed. This paper is focused on the main factors that explain local government debt. In particular, budgetary information of a group of Spanish municipalities is used (1990-2000). Econometric analysis of cross section and panel data are presented. Key words:Fiscal Federalism, Local Government, debt, decentralization.

Date: 2004-08
New Economics Papers: this item is included in nep-geo, nep-pbe and nep-ure
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