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Effects of the crisis in Spanish municipalities' financial condition: an empirical evidence (2005-2008)

Author

Listed:
  • Antonio M. Lopez-Hernandez
  • Jose Luis Zafra-Gomez
  • David Ortiz-Rodriguez

Abstract

Administrative decentralisation in Spain has been a continuous process since the restoration of democracy. However, while significant transfers of powers and funding have taken place between the central and regional governments, this is not the case with respect to local authorities. This situation, coupled with borrowing constraints and the budgetary balance required of Spanish councils under Spanish law, as well as the present economic crisis, is causing financial difficulties in municipal accounts. In this paper, we examine a sample of 2,364 local authorities, stratified by population size, for the period 2005-2008, with the aim of analysing the finances of Spanish local councils and observing the effects of the crisis on their financial condition.

Suggested Citation

  • Antonio M. Lopez-Hernandez & Jose Luis Zafra-Gomez & David Ortiz-Rodriguez, 2012. "Effects of the crisis in Spanish municipalities' financial condition: an empirical evidence (2005-2008)," International Journal of Critical Accounting, Inderscience Enterprises Ltd, vol. 4(5/6), pages 631-645.
    • Handle: RePEc:ids:ijcrac:v:4:y:2012:i:5/6:p:631-645
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    Cited by:

    1. Voltes-Dorta, Augusto & Jiménez, Juan Luis & Suárez-Alemán, Ancor, 2014. "An initial investigation into the impact of tourism on local budgets: A comparative analysis of Spanish municipalities," Tourism Management, Elsevier, vol. 45(C), pages 124-133.
    2. Jozef Lukáč & Katarína Teplická & Katarína Čulková & Daniela Hrehová, 2021. "Evaluation of the Financial Performance of the Municipalities in Slovakia in the Context of Multidimensional Statistics," JRFM, MDPI, vol. 14(12), pages 1-10, November.
    3. Pérez López, Gemma & Plata Díaz, Ana María & Zafra Gómez, José L. & López Hernández, Antonio M., 2013. "Deuda viva municipal en un contexto de crisis económica: análisis de los factores determinantes y de las formas de gestión," Revista de Contabilidad - Spanish Accounting Review, Elsevier, vol. 16(2), pages 83-93.

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