IDEAS home Printed from https://ideas.repec.org/a/cai/repdal/redp_311_0095.html
   My bibliography  Save this article

French Local Government Borrowing’s Spatial Effects: A Spatial Panel Data Analysis of French Metropolitan Departments

Author

Listed:
  • Philippe Frouté

Abstract

The aftermaths of the 2008 subprime crisis have modified financing channels of French local governments and led to regulation changes. Using a unique panel of the 96 French Metropolitan Departments covering 13 years between 2005 and 2017, this paper investigates the determinants of Departments? borrowing using a spatial panel approach. Our estimates of a fixed-effects Spatial Durbin Model show that spatial determinants contribute to explain Departments? financing decisions. The study exhibits the existence of a spatial multiplier effect that may influence the systemic risk of bankruptcy for French Department. In this context, the recent profound reshaping of the local financing sector should be considered with care paying attention to spatial interactions.

Suggested Citation

  • Philippe Frouté, 2021. "French Local Government Borrowing’s Spatial Effects: A Spatial Panel Data Analysis of French Metropolitan Departments," Revue d'économie politique, Dalloz, vol. 131(1), pages 89-105.
    • Handle: RePEc:cai:repdal:redp_311_0095
    as

    Download full text from publisher

    File URL: http://www.cairn.info/load_pdf.php?ID_ARTICLE=REDP_311_0095
    Download Restriction: free
    File URL: http://www.cairn.info/revue-d-economie-politique-2021-1-page-89.htm
    Download Restriction: free
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cai:repdal:redp_311_0095. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jean-Baptiste de Vathaire (email available below). General contact details of provider: https://www.cairn.info/revue-d-economie-politique.htm .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.