Instituciones fiscales, prestamistas y desarrollo local: Un análisis de la deuda de los municipios de Jalisco
[Fiscal institutions, lenders and local development: An analysis of the debt of the municipalities in Jalisco]
AbstractThis study examines the debts of the municipalities of the Mexican state of Jalisco from an institutional and economic perspective. We find that fiscal institutions and institutional processes are often incomplete and inadequate. We also find that: 1) The municipalities that borrow the most are the most developed ones; 2) most municipalities borrow debt from development banks; 3) the most developed municipalities borrow from commercial banks; and 4) underdeveloped municipalities borrow debt rapidly in spite of having little access to commercial banks. The study uses annual panel-data of the 125 municipalities of Jalisco for the period 2005-2012.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 47875.
Date of creation: 27 Jun 2013
Date of revision:
Debt; Municipalities; Fiscal Institutions; Lenders; Local Development; Jalisco;
Find related papers by JEL classification:
- G20 - Financial Economics - - Financial Institutions and Services - - - General
- H74 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Borrowing
- R50 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-07-05 (All new papers)
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