The spatial effects of French local government borrowing: A spatial panel data analysis of French metropolitan departments (notice n° 545821)
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|---|---|
| fixed length control field | 01616cam a2200205 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250121113829.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Frouté, Philippe |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | The spatial effects of French local government borrowing: A spatial panel data analysis of French metropolitan departments |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2021.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 75 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | The repercussions of the 2008 subprime crisis have modified the financing channels of French local governments and led to regulation changes. Using a unique panel comprised of the 96 French metropolitan departments covering a period of 13 years between 2005 and 2017, this paper investigates the determinants of departments’ borrowing using a spatial panel approach. Our estimates of a fixed-effects spatial Durbin model show that spatial determinants contribute to explaining departments’ financing decisions. The study demonstrates the existence of a spatial multiplier effect that may influence the systemic risk of bankruptcy for French departments. In this context, the recent profound reshaping of the local financing sector should be considered with care, paying attention to spatial interactions. JEL classification codes: R5l, H74, R53, C33 |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | agricultural sector |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | total factor productivity |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | common agricultural policy |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | productivity surplus account method |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Revue d'économie politique | 131 | 1 | 2021-03-08 | p. 89-105 | 0373-2630 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-revue-d-economie-politique-2021-1-page-89?lang=en&redirect-ssocas=7080">https://shs.cairn.info/journal-revue-d-economie-politique-2021-1-page-89?lang=en&redirect-ssocas=7080</a> |
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