SciELO - Scientific Electronic Library Online

 
 issue51Measurement of Financial Marginalization in Mexico: A Latent Class ApproachMethodological Notes for Calculating the Profit Rate of an Individual Industrial Capital in Argentina Using Annual Reports and Accounting Balance Sheets author indexsubject indexsearch form
Home Pagealphabetic serial listing  

Services on Demand

Journal

Article

Indicators

Related links

  • Have no similar articlesSimilars in SciELO

Share


Economía: teoría y práctica

On-line version ISSN 2448-7481Print version ISSN 0188-3380

Abstract

BARCELATA CHAVEZ, Hilario  and  VELA MARTINEZ, Rafael. Subnational Public Debt and Local Economic Development. Econ: teor. práct [online]. 2019, n.51, pp.165-199.  Epub Oct 29, 2019. ISSN 2448-7481.  https://doi.org/10.24275/etypuam/ne/512019/barcelata.

The purpose of this paper is to confirm that resources obtained by subnational governments by means of public debt do not contribute to state economic development.

To this end, two state typologies were developed, the first taking as a grouping criterion the magnitude of debt as a proportion of the GDP, and the second considers the rate of debt growth in national currency.

It was confirmed that there is no relationship between debt increase and economic growth, nor was a correspondence between debt and poverty observed.

Keywords : subnational debt; local development; economic growth; regional economics; public finances.

        · abstract in Spanish     · text in Spanish     · Spanish ( pdf )