Czasopismo
Tytuł artykułu
Warianty tytułu
State Debt as a Tool to Finance Election Spending
Języki publikacji
Abstrakty
All levels of goverment have to guide and promote the development of their regions. The goverment collect taxes and increase public borrowing to finance the development. Since 2009, in Mexico that ideal does not work well. The mexican subnational governments have increased public borrowing to finance electoral campaigns and current expenditure. This paper reports the results of a econometric model for testing that increased public borrowing is not associated with long run development.
In Mexico, the states with the highest level of development and access to financial markets began to expand the demand for bank loans to cover the reduction in income; developed by the regression model we conclude that the expansion of debt is correlated with electoral periods; also pursues the strategy of borrowing short-term purposes such as electoral campaigns or fund current expenditure and part of the debt was used to finance investment in public works. Such financial strategy in the long term is gravely irresponsible for regional development, as the states financed partisan interests at the expense of future public spending cuts. (original abstract)
In Mexico, the states with the highest level of development and access to financial markets began to expand the demand for bank loans to cover the reduction in income; developed by the regression model we conclude that the expansion of debt is correlated with electoral periods; also pursues the strategy of borrowing short-term purposes such as electoral campaigns or fund current expenditure and part of the debt was used to finance investment in public works. Such financial strategy in the long term is gravely irresponsible for regional development, as the states financed partisan interests at the expense of future public spending cuts. (original abstract)
Czasopismo
Rocznik
Strony
53--67
Opis fizyczny
Twórcy
autor
- Benemérita Universidad Autónoma De Puebla, México
autor
- Benemérita Universidad Autónoma De Puebla, México
Bibliografia
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- Crespo J. A. (2001), Fundamentos políticos de la rendición de cuentas, Mexico: Auditoria Superior de la Federacion.
- Crespo J. A. (2013), Cultura de la corrupción, Mexico: El universal.
- Gámez C. y A. Ibarra (2009), El ciclo político oportunista y el gasto de los estados mexicanos, "Gestion y Politica Publica", XVIII (1), 39-65.
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- Merino M. (2011), El gasto oculto de los estados, Nexos, noviembre. Texto completo en: http://www.nexos.com.mx/?P=leerarticulo&Article=2102374.
- Ramírez R. y A. Erquizio (2012), Análisis del ciclo político electoral a partir de variables de gasto público por entidad federativa en México, 1993-2009, "Paradigma economico", 4 (2), 5-27.
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Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171431258