English, Article edition: Analysis of the Indebtedness in the Spanish Autonomous Regions Bernardino Benito López; Isabel Brusca Alijarde; Vicente Montesinos Julve

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Bookmark: http://trove.nla.gov.au/version/16023
Physical Description
  • article
Language
  • English

Edition details

Title
  • Analysis of the Indebtedness in the Spanish Autonomous Regions
Author
  • Bernardino Benito López
  • Isabel Brusca Alijarde
  • Vicente Montesinos Julve
Physical Description
  • article
Notes
  • During the last few years, interest in public sector debt research has increased, since widespread opinion exists that the level reached by this debt is excessive. In this context, this paper hopes to analyse the variables that best explain the indebtedness of one of the three levels in which the public sector is divided in Spain: the autonomous regions. To achieve this aim we have used economic variables, fundamentally budgetary ones, as well as other institutional variables. One result that stands out from the rest, is that the Autonomous Regions which have more power have greater levels of indebtedness. The generated GDP and the total expenditure allocated to transfers also appear to be variables that cause differences in the level of indebtedness. Contrary to what would be expected, the capital expenditure has limited effect on the stock of debt of the different Autonomous Regions.
  • public debt, regional governments, financial analysis, public sector accounting.
  • RePEc:sar:journl:v:7:y:2004:i:13:p:85-112
Language
  • English
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