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Una aproximación a los posibles efectos de la estabilidad presupuestaria sobre el gasto municipal de capital


  • Jaime Vallés Giménez

    (Universidad de Zaragoza)

  • Anabel Zárate Marco

    (Universidad de Zaragoza)


La presente investigación analiza el posible efecto que sobre la inversión de los municipios españoles tendrá la normativa de estabilidad presupuestaria. En especial, dos son las cuestiones que pretendemos abordar. Primero, revisar la situación y evolución de los gastos de capital y de sus distintas fuentes de financiación. La segunda finalidad consiste en estimar un modelo econométrico para los gastos de capital, que incorpore las distintas fuentes de financiación de los proyectos de inversión y un conjunto de variables de control. La evidencia empírica parece confirmar que la exigencia de estabilidad presupuestaria motivará cierto retroceso del gasto de capital municipal.

Suggested Citation

  • Jaime Vallés Giménez & Anabel Zárate Marco, 2006. "Una aproximación a los posibles efectos de la estabilidad presupuestaria sobre el gasto municipal de capital," Investigaciones Economicas, Fundación SEPI, vol. 30(3), pages 465-502, September.
  • Handle: RePEc:iec:inveco:v:30:y:2006:i:3:p:465-502

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    References listed on IDEAS

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    More about this item


    Gasto municipal de capital; endeudamiento local; límites sobre la deuda.;

    JEL classification:

    • H7 - Public Economics - - State and Local Government; Intergovernmental Relations
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • H6 - Public Economics - - National Budget, Deficit, and Debt


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