Influence of fiscal stress on NPM-FORM delivery. An application to Spanish local authorities using a multinomial panel data methodology

• Autores: José Luis Zafra Gómez, Luis Enrique Pedauga Sánchez, Ana María Plata Díaz, Gemma Pérez López
• Localización: XIX Encuentro de Economía Pública: Políticas Públicas para la salida de la crisis, 2012, ISBN 978-84-695-1574-7, pág. 12
• Idioma: inglés
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• Resumen

  • Finding solutions to the unfavourable economic and financial situation currently facing local authorities is of crucial importance. One such solution is to adopt mechanisms for restructuring local public services, through new management approaches to reduce costs and thereby reduce fiscal stress. The broad range of indicators available to analyse an entity�s financial situation requires us to identify which elements of the latter (cash position, debt, deficit or financial independence) have most impact on promoting a shift toward these forms of management. To address this issue, we studied a sample of 1,572 Spanish municipalities for the period 2002-2009, using a random-effects panel multinomial logit model. The results obtained show that outsourcing and intermunicipal cooperation are the changes that municipalities would most readily promote, in response to a financial crisis, especially one arising from inadequate cash flow, debt and budget deficit.