Political factors and municipalities debt: An empirical assessment in Portugal
Autor(a) principal: | |
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Data de Publicação: | 2021 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | https://hdl.handle.net/20.500.12207/6222 |
Resumo: | This paper explores the relationship between municipalities debt, measured by debt per capita and different political factors, for the 308 Portuguese municipalities, from 2014 to 2018. This study adds to the scarce prior research about Portuguese municipalities’ debt and constitutes an original approach in the sense that these issues will be explored with more recent data, under the Local Finance Law (LFL) of 2013, implemented after the Local Administration Reform. We do not find evidence of an electoral cycle effect nor an ideological effect on the level of debt per capita. Only the coincidence of the political parties between the Local Executive and Central Government appeared to be relevant in medium/large municipalities. New insights about the relationship between political factors and debt are pertinent, mostly when Portugal started a decentralization process, with more competencies being assigned to local governments and more financial resources being requested, which could lead to an increase in the debt levels. |
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Political factors and municipalities debt: An empirical assessment in PortugalMunicipalitiesPolitical factorsDebtPanel dataThis paper explores the relationship between municipalities debt, measured by debt per capita and different political factors, for the 308 Portuguese municipalities, from 2014 to 2018. This study adds to the scarce prior research about Portuguese municipalities’ debt and constitutes an original approach in the sense that these issues will be explored with more recent data, under the Local Finance Law (LFL) of 2013, implemented after the Local Administration Reform. We do not find evidence of an electoral cycle effect nor an ideological effect on the level of debt per capita. Only the coincidence of the political parties between the Local Executive and Central Government appeared to be relevant in medium/large municipalities. New insights about the relationship between political factors and debt are pertinent, mostly when Portugal started a decentralization process, with more competencies being assigned to local governments and more financial resources being requested, which could lead to an increase in the debt levels.Universidade Federal de Pernambuco - UFPE2024-02-23T16:12:58Z2021-01-01T00:00:00Z20212023-05-24T13:48:49Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/20.500.12207/6222eng1982-3967cv-prod-3069479https://doi.org/10.34629/ufpe-iscal/1982-3967.2021.v15.e-021006Basílio, Maria S.Borralho, Carlosinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-07T09:10:13Zoai:repositorio.ipbeja.pt:20.500.12207/6222Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:13:39.884265Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Political factors and municipalities debt: An empirical assessment in Portugal |
title |
Political factors and municipalities debt: An empirical assessment in Portugal |
spellingShingle |
Political factors and municipalities debt: An empirical assessment in Portugal Basílio, Maria S. Municipalities Political factors Debt Panel data |
title_short |
Political factors and municipalities debt: An empirical assessment in Portugal |
title_full |
Political factors and municipalities debt: An empirical assessment in Portugal |
title_fullStr |
Political factors and municipalities debt: An empirical assessment in Portugal |
title_full_unstemmed |
Political factors and municipalities debt: An empirical assessment in Portugal |
title_sort |
Political factors and municipalities debt: An empirical assessment in Portugal |
author |
Basílio, Maria S. |
author_facet |
Basílio, Maria S. Borralho, Carlos |
author_role |
author |
author2 |
Borralho, Carlos |
author2_role |
author |
dc.contributor.author.fl_str_mv |
Basílio, Maria S. Borralho, Carlos |
dc.subject.por.fl_str_mv |
Municipalities Political factors Debt Panel data |
topic |
Municipalities Political factors Debt Panel data |
description |
This paper explores the relationship between municipalities debt, measured by debt per capita and different political factors, for the 308 Portuguese municipalities, from 2014 to 2018. This study adds to the scarce prior research about Portuguese municipalities’ debt and constitutes an original approach in the sense that these issues will be explored with more recent data, under the Local Finance Law (LFL) of 2013, implemented after the Local Administration Reform. We do not find evidence of an electoral cycle effect nor an ideological effect on the level of debt per capita. Only the coincidence of the political parties between the Local Executive and Central Government appeared to be relevant in medium/large municipalities. New insights about the relationship between political factors and debt are pertinent, mostly when Portugal started a decentralization process, with more competencies being assigned to local governments and more financial resources being requested, which could lead to an increase in the debt levels. |
publishDate |
2021 |
dc.date.none.fl_str_mv |
2021-01-01T00:00:00Z 2021 2023-05-24T13:48:49Z 2024-02-23T16:12:58Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://hdl.handle.net/20.500.12207/6222 |
url |
https://hdl.handle.net/20.500.12207/6222 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
1982-3967 cv-prod-3069479 https://doi.org/10.34629/ufpe-iscal/1982-3967.2021.v15.e-021006 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Universidade Federal de Pernambuco - UFPE |
publisher.none.fl_str_mv |
Universidade Federal de Pernambuco - UFPE |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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