Publication: Análisis del Endeudamiento en las Comunidades Autónomas
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Date
2004
Authors
Cano Rodríguez, Manuel ; Núñez Nickel, Manuel
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info:eu-repo/semantics/article
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Abstract
En los últimos años se ha incrementado el interés por estudiar el endeudamiento de las Administraciones Públicas, ya que existe el convencimiento generalizado de que el nivel que ha alcanzado dicho endeudamiento es excesivo. En este contexto, el presente trabajo pretende analizar las variables que mejor explican el endeudamiento en uno de los tres niveles en que se divide el sector público en España: el sector autonómico. Para ello hemos utilizado variables de tipo económico, fundamentalmente presupuestarias, así como otras variables de tipo institucional.
Entre los resultados obtenidos destaca que las Comunidades Autónomas con mayores competencias tienen mayores niveles de endeudamiento. También el PIB generado y el gasto total destinado a transferencias parecen variables que originan diferencias en el nivel de endeudamiento. En contra de lo que cabría esperar, los gastos de capital tienen escasa incidencia en el stock de deuda de las diferentes Comunidades Autónomas
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. Our result that stands out from the rest, is that the Auonomous Regions which have more power have greater levels of indebtedness. The generated GDP and the total expenditure allocated to transfers also appear to be avariables that cause differences in the level of indebtedness. Contrary to what woud be expected, the capital expenditure has limited effect on the stock of debt of the different Autonomous Regions.
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. Our result that stands out from the rest, is that the Auonomous Regions which have more power have greater levels of indebtedness. The generated GDP and the total expenditure allocated to transfers also appear to be avariables that cause differences in the level of indebtedness. Contrary to what woud be expected, the capital expenditure has limited effect on the stock of debt of the different Autonomous Regions.
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