Benito, Bernardino; Bastida, Francisco - In: Journal of Public Budgeting, Accounting & Financial … 16 (2004) 4, pp. 492-525
This paper analyzes the impact of economic, social and political factors on municipal debt behavior. With this aim, we have obtained a stratified random sample of 130 cities during a five-year period. These data have been used to configure a micro panel to obtain accurate estimates and to...