Table 1 Dependent and explanatory... | Emerald Publishing

Table 1

Dependent and explanatory variables

Variable type	Name	Description/formula
Dependent	Cash solvency	Cash ratio = cash ending balance/current expenditures
	Budget solvency	Current balance = current revenues/current expenditures
	Long-run solvency	Debt repayment capacity = current revenues/non-current liabilities
Main explanatory	Fiscal autonomy	% own revenues = own revenues/current revenues
Other explanatory	Size	Number of inhabitants
	Economic wealth	Pro capita regional^* gross local domestic product
	Service level	Pro capita current expenditures
Dummies	Country	Nation with its rules and administrative traditions

Variable type	Name	Description/formula
Dependent	Cash solvency	Cash ratio = cash ending balance/current expenditures
	Budget solvency	Current balance = current revenues/current expenditures
	Long-run solvency	Debt repayment capacity = current revenues/non-current liabilities
Main explanatory	Fiscal autonomy	% own revenues = own revenues/current revenues
Other explanatory	Size	Number of inhabitants
	Economic wealth	Pro capita regional^* gross local domestic product
	Service level	Pro capita current expenditures
Dummies	Country	Nation with its rules and administrative traditions

Note(s)

*

Regional = NUTS2, that is basic administrative areas for the application of regional policies that usually have between 800,000 and 3 million inhabitants