Spatial Interactions in Local Public Debt. Evidence from Poland

• Autorzy: Monika Banaszewska
• Języki publikacji: EN

Abstrakty

EN

The aim of the paper is to investigate spatial interactions among the debt of 2,442 municipalities in Poland over the period 2005-2020. Using dynamic spatial Durbin model with two-way fixed effects it provides empirical evidence of positive spatial interactions. It is estimated that an increase in debt per capita in a given municipality by PLN 100 leads to an increase in the debt per capita in neighbouring municipalities by PLN 8-10. The result is robust to the various specifications of spatial weight matrix (contiguity vs. inverse-distance with a cut-off). It is also found that municipal debt in Poland suffers from high persistence over time. (original abstract)

Słowa kluczowe

EN

Public debt; Indebtedness; Spatial analysis; District; Local finance

PL

Dług publiczny; Zadłużenie; Analiza przestrzenna; Gmina; Finanse lokalne

• Czasopismo: Economics and Business Review
• Rocznik: 2023
• Tom: 9 (23)
• Numer: nr 3
• Strony: 206--223

Twórcy

autor

Monika Banaszewska

• Poznań University of Economics and Business

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Identyfikatory

DOI

https://doi.org/10.18559/ebr.2023.3.751