Race to the debt trap? — Spatial econometric evidence on debt in German municipalities

Through an intertemporal budget constraint, jurisdictions may gain advantages in tax and spending competition by ‘competing’ on debt. While the existing spatial econometric literature focuses on tax and spending competition, very little is known about spatial interaction via public debt. If jurisdic...

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Bibliographic Details
Published in:Regional science and urban economics 2015-07, Vol.53, p.20-37
Main Authors: Borck, Rainald, Fossen, Frank M., Freier, Ronny, Martin, Thorsten
Format: Article
Language:English
Subjects:
Budget constraint
Capital
Cities
Competition
Debt
Deficit financing
Econometrics
Economic models
Economic theory
Germany
Government spending
Interdependence
Municipal council
Municipalities
Municipality data
Per capita
Public debt
Public expenditure
Public finance
Race
Spatial interactions
Spatial panel estimation
Studies
Tax and spending competition
Taxation
Western Europe
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