French Local Government Borrowing’s Spatial Effects: A Spatial Panel Data Analysis of French Metropolitan Departments (notice n° 836990)
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|---|---|
| fixed length control field | 02719cam a2200265 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250123140930.0 |
| 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 | French Local Government Borrowing’s Spatial Effects: 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 | 48 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | La crise des subprimes de 2008 a modifié les canaux de financement des collectivités territoriales françaises ainsi que la réglementation qui les encadre. A l’aide d’un panel unique portant sur les 96 Départements de France métropolitaine sur une période de 13 années comprises entre 2005 et 2017, cet article étudie les déterminants des emprunts des Départements à l’aide d’une analyse spatiale en panel. Les estimations conduisent à retenir un modèle spatial de Durbin à effets-fixes qui montre que des déterminants spatiaux contribuent à expliquer les décisions de financement des Départements. Les résultats montrent l’existence d’un effet multiplicateur spatial qui pourrait exercer une influence sur le risque systémique de défaut des Départements français. Dans ce contexte, les récentes modifications du secteur du financement local devraient être considérées en portant une attention particulière aux interactions spatiales. Classification JEL : R5l, H74, R53, C33 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | The aftermaths of the 2008 subprime crisis have modified financing channels of French local governments and led to regulation changes. Using a unique panel of the 96 French Metropolitan Departments covering 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 explain Departments’ financing decisions. The study exhibits the existence of a spatial multiplier effect that may influence the systemic risk of bankruptcy for French Department. In this context, the recent profound reshaping of the local financing sector should be considered with care paying attention to spatial interactions. |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Investissement public |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Analyse<br/>spatiale des données de panel |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Emprunt local |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Analyse des collectivités territoriales |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Public investment |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Regional Government Analysis |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Local borrowing |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Spatial Panel<br/>Analysis |
| 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/revue-d-economie-politique-2021-1-page-89?lang=en&redirect-ssocas=7080">https://shs.cairn.info/revue-d-economie-politique-2021-1-page-89?lang=en&redirect-ssocas=7080</a> |
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