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Efficiency of the City Councils Using Cross-Sectional Model: Challenges in Times of Change and Political Tension

In: Linear and Non-Linear Financial Econometrics -Theory and Practice

Author

Listed:
  • Claudio Elortegui-Gomez
  • Hanns De La Fuente-Mella
  • Mauricio Alvarado Martinez
  • Matias Guajardo Calderon

Abstract

The efficiency of city councils is a matter of concern in public discussion in Chile, due to the growing political relevance that citizens demand of them for social and economic management, in the face of the effects of the pandemic and recent social unrest. Despite the marked historical centralization of power in the capital city, the efficiency of the Chilean municipalities will be key to improving the quality of life of the communities, especially in times of political tension, greater social needs and discredit toward national institutions, not well the local ones. A cross-sectional econometric regression model was developed to explain the determinants of the efficiency of the municipalities and identify the variables that have the greatest impact on said efficiency. City councils that are regional capitals with more than 50,000 inhabitants were selected for this study.

Suggested Citation

  • Claudio Elortegui-Gomez & Hanns De La Fuente-Mella & Mauricio Alvarado Martinez & Matias Guajardo Calderon, 2021. "Efficiency of the City Councils Using Cross-Sectional Model: Challenges in Times of Change and Political Tension," Chapters, in: Mehmet Kenan Terzioglu & Gordana Djurovic & Martin M. Bojaj (ed.), Linear and Non-Linear Financial Econometrics -Theory and Practice, IntechOpen.
    • Handle: RePEc:ito:pchaps:213324
    DOI: 10.5772/intechopen.93655
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    More about this item

    Keywords

    econometric model; city council; efficiency; life quality; social unrest;
    All these keywords.

    JEL classification:

    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics

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