Antonio Ruiz-Porras

Paginas: 47-879
Año: 2013
Abstract: This study examines the debts of the municipalities of the Mexican state of Jalisco from an institutional and economic perspective. We find that fiscal institutions and institutional processes are often incomplete and inadequate. We also find that: 1) The municipalities that borrow the most are the most developed ones; 2) most municipalities borrow debt from development banks; 3) the most developed municipalities borrow from commercial banks; and 4) underdeveloped municipalities borrow debt rapidly in spite of having little access to commercial banks. The study uses annual panel-data of the 125 municipalities of Jalisco for the period 2005-2012.

Red Gobernanza Metropolitana
El Colegio de Jalisco
5 de Mayo 321 C.P. 45100
Zapopan, Jalisco

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