The Impact of Maximum Allowable Debt Level of Local Government Units on their Investment Potential

IF 0.5 4区 管理学 Q4 POLITICAL SCIENCE
Ewa Gubernat, H. Kociemska, Bernadeta Dziedziak, Leszek Patrzałek
{"title":"The Impact of Maximum Allowable Debt Level of Local Government Units on their Investment Potential","authors":"Ewa Gubernat, H. Kociemska, Bernadeta Dziedziak, Leszek Patrzałek","doi":"10.4335/19.3.991-1014(2021)","DOIUrl":null,"url":null,"abstract":"Keeping local government units’ financial stability to run necessary projects is becoming a severe threat due to the remarkable increase of theirs’ debt level. A question arises whether the application of debt limits excessively restrict municipalities’ investment potential. Using the linear regression model, we proved that increasing the maximum allowable debt level decreases investment potential. We have challenged the relevance of using fiscal rules and presented liberalizing the fiscal rules’ principles to assess the investment potential as an indicator to guarantee optimum use of the local government units’ economic potential from different perspectives.","PeriodicalId":51875,"journal":{"name":"Lex Localis-Journal of Local Self-Government","volume":"15 1","pages":""},"PeriodicalIF":0.5000,"publicationDate":"2021-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Lex Localis-Journal of Local Self-Government","FirstCategoryId":"91","ListUrlMain":"https://doi.org/10.4335/19.3.991-1014(2021)","RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"POLITICAL SCIENCE","Score":null,"Total":0}
引用次数: 0

Abstract

Keeping local government units’ financial stability to run necessary projects is becoming a severe threat due to the remarkable increase of theirs’ debt level. A question arises whether the application of debt limits excessively restrict municipalities’ investment potential. Using the linear regression model, we proved that increasing the maximum allowable debt level decreases investment potential. We have challenged the relevance of using fiscal rules and presented liberalizing the fiscal rules’ principles to assess the investment potential as an indicator to guarantee optimum use of the local government units’ economic potential from different perspectives.
地方政府单位债务上限对其投资潜力的影响
由于地方政府债务水平的显著上升,维持地方政府财政稳定以运行必要的项目正成为一个严重威胁。随之而来的问题是,债务限制的实施是否过度限制了市政当局的投资潜力。利用线性回归模型证明了最大允许债务水平的增加会降低投资潜力。我们对使用财政规则的相关性提出了挑战,并提出了放宽财政规则的原则,以评估投资潜力作为一个指标,以保证从不同角度优化利用地方政府单位的经济潜力。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 求助全文
来源期刊
CiteScore
1.10
自引率
25.00%
发文量
31
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
确定
请完成安全验证×
copy
已复制链接
快去分享给好友吧!
我知道了
右上角分享
点击右上角分享
0
联系我们:info@booksci.cn Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术官方微信