Debt Decisions in Municipalities in the Face of Subnational Fiscal Rule: Evidence and Policy Lessons

被引：0

作者：

Avila, Ignacio Ruelas ^{[1
]}

Jimenez, Juan Pablo ^{[2
]}

Saavedra, Leonardo Letelier ^{[3
]}

机构：

[1] Univ Nebraska, Escuela Adm Publ, Adm Publ, 6001 Dodge St,CPAC 142, Omaha, NE 68132 USA

[2] Fac Latinoamer Ciencias Sociales Flacso, Finanzas Publ, Pedro Canisio 1210, Vitacura, Santiago De Chi, Chile

[3] Univ Chile, Fac Gobierno, Santa Lucia 240, Santiago Centro, Chile

来源：

GESTION Y POLITICA PUBLICA | 2023年 / 32卷 / 02期

关键词：

public debt of local governments; intergovernmental fiscal relations; fiscal federalism; fiscal rules; MEXICO; LIMITS;

D O I：

10.60583/gypp.v32i2.8122

中图分类号：

C93 [管理学]; D035 [国家行政管理]; D523 [行政管理]; D63 [国家行政管理];

学科分类号：

12 ; 1201 ; 1202 ; 120202 ; 1204 ; 120401 ;

摘要：

This paper studies local governments' decisions on public debt under the Financial Discipline Law for States and Municipalities (LDFEM in Spanish) in Mexico. It implies distinguishing economic and political factors and their relevance within LDFEM's legal framework that defines norms and limitations for Mexican subnational governments. Based on municipal data for 2017-2019, our results prove that political variables significantly impact municipal debt. This paper highlights the elections' proximity and the incumbent mayor's electoral support.

引用

页码：97 / 129

页数：33

共 29 条

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