地方公共债务的可持续性:来自墨西哥各州的证据

IF 1.7 Q2 POLITICAL SCIENCE

Regional and Federal Studies Pub Date : 2021-04-14 DOI:10.1080/13597566.2021.1912739

René Cabral, Ernesto del Castillo, F. Hernández-Trillo

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引用次数: 5

摘要

摘要本文评估了1993年至2016年墨西哥所有32个国家以下的州的公共债务可持续性。使用动态面板数据方法，我们发现了几个有趣的结果。首先，尽管墨西哥各州的国家以下公共债务总体上仍然是可持续的，但在一些州，近年来财政状况受到了影响。其次，使用不同的政治指标，我们注意到这些因素并不影响公共债务积累。第三，在考虑次样本特征时，我们观察到，规模较小、更开放、活力较弱的国家的财政立场更为妥协，特别是在最近的全球金融危机之后。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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The sustainability of subnational public debt: Evidence from Mexican states

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.

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来源期刊

Regional and Federal Studies POLITICAL SCIENCE-

CiteScore

3.80

自引率

21.40%

发文量

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.