René Cabral, Ernesto del Castillo, F. Hernández-Trillo
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引用次数: 5
Abstract
ABSTRACT This paper evaluates public debt sustainability in all 32 subnational Mexican states from 1993 to 2016. Using dynamic panel data methods, we find several interesting results. First, although subnational public debt in Mexican states, in general, is still sustainable, in some states, fiscal stances have been compromised in recent years. Second, using different political indicators, we notice that these factors do not affect public debt accumulation. Third, when taking subsample characteristics into account, we observe that smaller, more open, and less dynamic states have more compromised fiscal stances, particularly following the recent global financial crisis.
期刊介绍：
The upsurge of academic and political interest in regional and federal questions since the 1980s has been stimulated by the salience of regions in EU policy-making and the Structural Funds but also by regionalization and federalization processes in many Western states. The most striking example is the devolution occurring in the UK, but the process is at work all over Europe and in other parts of the world. These developments have led to many important research programmes and projects. Regional and Federal Studies is a refereed social science journal which provides an academic forum for the publication of international research on these issues. It is essential reading for both academics and practitioners in politics, administration and the business world.
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