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Local government debt: an application to the Spanish case

Author

Listed:
  • David Cantarero
  • Marta Pascual
  • Roberto Fernandez
  • María A. García-Valiñas

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.

Suggested Citation

  • David Cantarero & Marta Pascual & Roberto Fernandez & María A. García-Valiñas, 2004. "Local government debt: an application to the Spanish case," ERSA conference papers ersa04p282, European Regional Science Association.
    • Handle: RePEc:wiw:wiwrsa:ersa04p282
    as

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    References listed on IDEAS

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    Keywords

    fiscal federalism; local government; debt; decentralization.;
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