000			01616cam a2200205 4500500
005			20250121113829.0
041			_afre
042			_adc
100	1	0	_aFrouté, Philippe _eauthor
245	0	0	_aThe spatial effects of French local government borrowing: A spatial panel data analysis of French metropolitan departments
260			_c2021.
500			_a75
520			_aThe 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			_aagricultural sector
690			_atotal factor productivity
690			_acommon agricultural policy
690			_aproductivity surplus account method
786	0		_nRevue d'économie politique | 131 | 1 | 2021-03-08 | p. 89-105 | 0373-2630
856	4	1	_uhttps://shs.cairn.info/journal-revue-d-economie-politique-2021-1-page-89?lang=en&redirect-ssocas=7080
999			_c545821 _d545821