Analyzing Forces to the Financial Contribution of Local Governments to Sustainable Development
Abstract
:1. Introduction
2. Research Questions
3. Methodology
3.1. Sample Selection
3.2. Variables
3.2.1. Dependent Variable
3.2.2. Independent Variables
3.3. Statistic Methodology
4. Empirical Results
5. Discussion
6. Conclusions
Acknowledgments
Author Contributions
Conflicts of Interest
References
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Regions | Debt/pc 1,* | GDP/pc 2 | Budget Result/pc 3 | Expenditures/pc 3 | Immigrant Population 2 | Dependent Population Rate 2 | Unemployment Rate 4 |
---|---|---|---|---|---|---|---|
Andalucía | 20.90 | 16,577 | −223.39 | 3016.67 | 7.87 | 49.93 | 34.23 |
Aragón | 18.30 | 24,713 | −445.91 | 3577.07 | 11.26 | 55.33 | 18.65 |
Principado de Asturias | 16.70 | 19,727 | −252.41 | 3643.96 | 4.25 | 54.27 | 20.78 |
Islas Baleares | 29.50 | 23,498 | −416.88 | 3928.62 | 18.41 | 45.71 | 18.88 |
Canarias | 14.80 | 19,238 | −180.54 | 3226.41 | 12.69 | 42.76 | 31.08 |
Cantabria | 20.50 | 20,237 | −336.36 | 3985.35 | 5.91 | 51.92 | 18.42 |
Castilla y León | 17.90 | 21,063 | −238.50 | 3404.70 | 5.88 | 57.78 | 20.28 |
Castilla-La Mancha | 35.30 | 17,636 | −321.85 | 3147.78 | 9.43 | 52.74 | 28.50 |
Cataluña | 32.70 | 26,624 | −718.99 | 3987.68 | 14.49 | 52.58 | 19.88 |
Comunitat Valenciana | 38.40 | 19,693 | −485.13 | 3334.17 | 14.78 | 51.81 | 23.48 |
Extremadura | 18.30 | 15,457 | −386.49 | 3927.68 | 3.43 | 53.28 | 29.96 |
Galicia | 18.50 | 19,661 | −195.00 | 3416.53 | 3.57 | 56.80 | 20.87 |
Comunidad de Madrid | 12.60 | 30,755 | −416.92 | 3453.44 | 13.63 | 49.01 | 18.00 |
Región de Murcia | 25.50 | 18,325 | −524.95 | 3354.88 | 14.72 | 50.45 | 27.26 |
C. Foral de Navarra | 18.10 | 27,709 | −234.09 | 5688.29 | 9.29 | 54.48 | 14.92 |
País Vasco | 14.10 | 29,277 | −292.83 | 4478.33 | 6.46 | 54.98 | 16.60 |
La Rioja | 16.80 | 24,601 | −304.07 | 3749.19 | 12.54 | 54.46 | 17.17 |
Concept | Amount |
---|---|
Income statement for the financial year obtained by applying the current IPSAS | (1) |
Negative entries for extraordinary activities | (2) |
Positive entries for extraordinary activities | (3) |
Corrected income statement for the financial year (intergenerational equity for financial sustainability) | (1) + (2) − (3) |
Variables | Acron. | Description | Source | Measurement |
---|---|---|---|---|
Financial Sustainability | FS | Adjusted Income Statement | Local government financial statement | Corrected income statement * for the financial year per capita |
Population Growth | GPOP | Population residing in the municipality | INE (www.ine.es) | (Population t/Population (t − 1)) × 100; t = year |
Dependent Population under 16 | DP16 | Population aged under 16 years residing in the municipality | INE (www.ine.es) | Population aged under 16 years/labor force |
Dependent Population over 65 | DP65 | Population aged over 65 years residing in the municipality | INE (www.ine.es) | Population aged over 65 years/labor force |
Immigrant Population | INM | Immigrant population residing in the municipality | INE (www.ine.es) | % Immigrant population |
Labor force with higher education | EDU_s | Percentage of labor force with higher education | IVIE (www.ivie.es) | labor force with higher education/labor force |
Labor force with intermediate education | EDU_m | Percentage of labor force with intermediate education | IVIE (www.ivie.es) | labor force with intermediate education/labor force |
Companies concentration | CC | Companies concentration | Caja Duero; INE (www.ine.es) | Companies/1000 inhabitants |
Unemployment rate in Agricultural sector | AGRI | Unemployment rate in Agricultural sector | SEPE (www.sepe.es) | Unemployed people in the agricultural sector/labor force |
Unemployment rate in the Industrial sector | IND | Unemployment rate in the Industrial sector | SEPE (www.sepe.es) | Unemployed people in the industrial sector/labor force |
Unemployment rate in the building sector | BUIL | Unemployment rate in the building sector | SEPE (www.sepe.es) | Unemployed people in the building sector/labor force |
Unemployment rate in the services sector | SERV | Unemployment rate in the services sector | SEPE (www.sepe.es) | Unemployed people in the services sector/labor force |
GDPpc | GDPpc | Gross Domestic product per capita | INE (www.ine.es) | GDP in thousands €/labor force |
Test | |||
---|---|---|---|
Arrellano-Bond test | Ar (1) | z = −3.27 | Pr > z = 0.001 |
Ar (2) | z = 0.77 | Pr > z = 0.442 | |
Hansen test | Test chi2 (80) | 86.56 | Pr > chi2 = 0.289 |
Sample | N =1242 | n =139 | T = 9 |
Instruments | 102 |
Variable | Category | Mean | Stander Des. | Min. | Max. |
---|---|---|---|---|---|
FS | overall | 112.3424 | 217.1185 | −1040.9525 | 2517.8884 |
between | 113.8477 | −258.4299 | 625.4617 | ||
within | 187.5232 | −869.6793 | 2004.7692 | ||
GPOP | overall | 0.8929 | 1.9433 | −13.1100 | 11.1600 |
between | 1.1481 | −1.0133 | 5.6878 | ||
within | 1.5706 | −13.2971 | 8.9596 | ||
DP16 | overall | 23.8924 | 3.3564 | 15.4426 | 33.6056 |
between | 3.2366 | 16.8928 | 33.1235 | ||
within | 0.9262 | 19.5583 | 27.7212 | ||
DP65 | overall | 21.8223 | 6.5546 | 5.2089 | 43.1236 |
between | 6.3509 | 6.0774 | 36.7379 | ||
within | 1.6998 | 15.5009 | 29.0517 | ||
INM | overall | 12.8916 | 9.5200 | 0.9416 | 53.5426 |
between | 9.4573 | 1.2198 | 51.6375 | ||
within | 1.3294 | 4.9366 | 16.6981 | ||
EDU_S | overall | 16.4939 | 4.9083 | 7.8842 | 28.9134 |
between | 4.7873 | 10.1453 | 26.9107 | ||
within | 1.1494 | 13.2710 | 19.2946 | ||
EDU_m | overall | 27.0080 | 3.3426 | 14.8614 | 35.6537 |
between | 3.1479 | 17.9469 | 32.2113 | ||
within | 1.1522 | 22.4142 | 30.6586 | ||
COMP | overall | 26.5570 | 9.9558 | 5.3237 | 72.7403 |
between | 9.0958 | 7.1929 | 60.5994 | ||
within | 4.1123 | 13.5947 | 40.1703 | ||
AGRI | overall | 0.2801 | 0.3681 | 0.0087 | 3.2464 |
between | 0.3263 | 0.0225 | 1.8879 | ||
within | 0.1723 | −0.6933 | 1.8963 | ||
IND | overall | 1.3662 | 1.0860 | 0.1150 | 9.7473 |
between | 1.0179 | 0.2135 | 8.2985 | ||
within | 0.3870 | −0.8007 | 3.6968 | ||
BUIL | overall | 1.9134 | 1.1454 | 0.1163 | 6.8437 |
between | 0.7562 | 0.3716 | 4.6983 | ||
within | 0.8624 | −1.1028 | 4.0588 | ||
SERV | overall | 7.7295 | 3.0206 | 1.9816 | 17.2598 |
between | 1.7078 | 4.2028 | 12.5013 | ||
within | 2.4953 | 1.6251 | 13.3423 | ||
GDPpc | overall | 56.8810 | 94.6511 | 2.0075 | 778.5317 |
between | 94.8475 | 2.1972 | 764.1077 | ||
within | 4.5574 | 5.1160 | 97.2092 |
Variable | Acronym | Coefficient | Std. Error |
---|---|---|---|
Financial Sustainability previous year | FS | 0.3219 *** | 0.0207809 |
Population Growth | GPOP | −4.674077 | 4.313791 |
Dependent Population under 16 | DP16 | −12.68625 *** | 4.080064 |
Dependent Population over 65 | DP65 | −4.353538 * | 2.243429 |
Immigrant Population | INM | −1.532509 ** | 0.6675593 |
Labor force with higher education | EDU_s | −4.90164 *** | 1.392481 |
Labor force with intermediate education | EDU_m | 9.730358 *** | 3.133862 |
Companies concentration | CC | 2.324703 *** | 0.4986177 |
Unemployment rate in Agricultural sector | AGRI | −34.42532 ** | 17.3073 |
Unemployment rate in the Industrial sector | IND | −0.7780327 | 5.666835 |
Unemployment rate in the building sector | BUIL | −20.16096 ** | 8.218348 |
Unemployment rate in the services sector | SERV | −8.16308 ** | 3.44417 |
GDPpc | GDPpc | −0.0364974 | 0.0391285 |
Constant | Cons | 312.0584 | 201.9892 |
© 2016 by the authors; licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC-BY) license (http://creativecommons.org/licenses/by/4.0/).
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Rodríguez Bolívar, M.P.; Navarro Galera, A.; Alcaide Muñoz, L.; López Subires, M.D. Analyzing Forces to the Financial Contribution of Local Governments to Sustainable Development. Sustainability 2016, 8, 925. https://doi.org/10.3390/su8090925
Rodríguez Bolívar MP, Navarro Galera A, Alcaide Muñoz L, López Subires MD. Analyzing Forces to the Financial Contribution of Local Governments to Sustainable Development. Sustainability. 2016; 8(9):925. https://doi.org/10.3390/su8090925
Chicago/Turabian StyleRodríguez Bolívar, Manuel Pedro, Andrés Navarro Galera, Laura Alcaide Muñoz, and María Deseada López Subires. 2016. "Analyzing Forces to the Financial Contribution of Local Governments to Sustainable Development" Sustainability 8, no. 9: 925. https://doi.org/10.3390/su8090925
APA StyleRodríguez Bolívar, M. P., Navarro Galera, A., Alcaide Muñoz, L., & López Subires, M. D. (2016). Analyzing Forces to the Financial Contribution of Local Governments to Sustainable Development. Sustainability, 8(9), 925. https://doi.org/10.3390/su8090925