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Theory and evidence of municipal borrowing in Chile

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  • Leonardo Letelier S.

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  • Leonardo Letelier S., 2011. "Theory and evidence of municipal borrowing in Chile," Public Choice, Springer, vol. 146(3), pages 395-411, March.
    • Handle: RePEc:kap:pubcho:v:146:y:2011:i:3:p:395-411
    DOI: 10.1007/s11127-010-9596-7
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    1. Hibbs, Douglas A., 1977. "Political Parties and Macroeconomic Policy," American Political Science Review, Cambridge University Press, vol. 71(4), pages 1467-1487, December.
    2. Volkerink, Bjorn & De Haan, Jakob, 2001. "Fragmented Government Effects on Fiscal Policy: New Evidence," Public Choice, Springer, vol. 109(3-4), pages 221-242, December.
    3. Fermín Cabasés & Pedro Pascual & Jaime Vallés, 2007. "The effectiveness of institutional borrowing restrictions: Empirical evidence from Spanish municipalities," Public Choice, Springer, vol. 131(3), pages 293-313, June.
    4. de Haan, Jakob & Sturm, Jan-Egbert & Beekhuis, Geert, 1999. "The Weak Government Thesis: Some New Evidence," Public Choice, Springer, vol. 101(3-4), pages 163-176, December.
    5. Alexander Plekhanov & Raju Singh, 2006. "How Should Subnational Government Borrowing Be Regulated?Some Cross-Country Empirical Evidence," IMF Staff Papers, Palgrave Macmillan, vol. 53(3), pages 1-4.
    6. Barro, Robert J, 1979. "On the Determination of the Public Debt," Journal of Political Economy, University of Chicago Press, vol. 87(5), pages 940-971, October.
    7. Derycke, Pierre-Henri & Gilbert, Guy, 1985. "The Public Debt of French Local Government," Journal of Public Policy, Cambridge University Press, vol. 5(3), pages 387-399, August.
    8. Alesina, Alberto & Drazen, Allan, 1991. "Why Are Stabilizations Delayed?," American Economic Review, American Economic Association, vol. 81(5), pages 1170-1188, December.
    9. Roberto Ricciuti, 2004. "Political Fragmentation and Fiscal Outcomes," Public Choice, Springer, vol. 118(3_4), pages 365-388, March.
    10. Alt, James E. & Lowry, Robert C., 1994. "Divided Government, Fiscal Institutions, and Budget Deficits: Evidence from the States," American Political Science Review, Cambridge University Press, vol. 88(4), pages 811-828, December.
    11. Tsebelis, George, 1995. "Decision Making in Political Systems: Veto Players in Presidentialism, Parliamentarism, Multicameralism and Multipartyism," British Journal of Political Science, Cambridge University Press, vol. 25(3), pages 289-325, July.
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    Cited by:

    1. Juan Pablo Jiménez & Leonardo Letelier & Ignacio Ruelas & Jaime Bonet-Morón, 2021. "Reglas fiscales subnacionales: Revisión empírica, experiencias internacionales y sus desafíos en la nueva institucionalidad fiscal post COVID," Documentos de trabajo sobre Economía Regional y Urbana 300, Banco de la Republica de Colombia.
    2. Felix Rösel, 2017. "The Political Economy of Fiscal Supervision and Budget Deficits: Evidence from Germany," Fiscal Studies, Institute for Fiscal Studies, vol. 38, pages 641-666, December.
    3. Daniela Monacelli & Maria Grazia Pazienza & Chiara Rapallini, 2016. "Municipality Budget Rules and Debt: Is the Italian Regulation Effective?," Public Budgeting & Finance, Wiley Blackwell, vol. 36(3), pages 114-140, September.
    4. Silva-Escobar, Daniel, 2022. "Conducta electoral oportunista y determinantes económicos de la reelección de alcaldes/as en Chile," Documentos de Trabajo 10, Estudios Nueva Economía.
    5. Eichler, Stefan & Hofmann, Michael, 2013. "Sovereign default risk and decentralization: Evidence for emerging markets," European Journal of Political Economy, Elsevier, vol. 32(C), pages 113-134.
    6. Nuno Ribeiro & Susana Jorge & Mercedes Cervera, 2013. "Estudo do Endividamento da Administração Local Portuguesa: Evidência Empírica USando Modelos de Análise de Dados em Painel," Notas Económicas, Faculty of Economics, University of Coimbra, issue 38, pages 46-67, December.
    7. Felix Rösel, 2014. "Co-Partisan Buddies or Partisan Bullies? Why State Supervision of Local Government Borrowing Fails," ifo Working Paper Series 189, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    8. Pérez López, Gemma & Plata Díaz, Ana María & Zafra Gómez, José L. & López Hernández, Antonio M., 2013. "Deuda viva municipal en un contexto de crisis económica: análisis de los factores determinantes y de las formas de gestión," Revista de Contabilidad - Spanish Accounting Review, Elsevier, vol. 16(2), pages 83-93.
    9. Chortareas, Georgios & Logothetis, Vasileios & Papandreou, Andreas A., 2016. "Political budget cycles and reelection prospects in Greece's municipalities," European Journal of Political Economy, Elsevier, vol. 43(C), pages 1-13.
    10. Nicolas Guadalupe Zuniga-Espinoza & Celia Ruth Sainz-Lopez & Erick Zuniga-Soto, 2021. "The Growth of public debt in Coahuila, Mexico," Technium Social Sciences Journal, Technium Science, vol. 17(1), pages 166-174, March.
    11. Vicente Espinoza & Violeta Rabi & Valentina Ulloa & Emmanuelle Barozet, 2019. "Decision-Making and Informal Political Institutions in Chilean Sub-National Public Investment," Public Organization Review, Springer, vol. 19(1), pages 21-43, March.
    12. Heidi Jane M. Smith & Allyson Lucinda Benton, 2017. "The Role of Metropolitan Cooperation and Administrative Capacity in Subnational Debt Dynamics: Evidence From Municipal Mexico," Public Budgeting & Finance, Wiley Blackwell, vol. 37(2), pages 58-82, June.
    13. Nuno Adriano Baptista Ribeiro & Susana Margarido Faustino Jorge, 2015. "Political-Ideological Circumstances and Local Authorities’ Debt: Evidence from Portuguese Municipalities," Contemporary Economics, University of Economics and Human Sciences in Warsaw., vol. 9(2), June.

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    More about this item

    Keywords

    Debt; Local governments; H72; H74;
    All these keywords.

    JEL classification:

    • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures
    • H74 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Borrowing

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