Results for the debt fiscal limit impact on the off-budget activities of urban, rural and urban–rural municipalities (LGs)
| Urban LGs | Rural LGs | Urban–rural LGs | ||||
|---|---|---|---|---|---|---|
| WC-Robust | WC-Robust | WC-Robust | ||||
| OFF_ONlessgrantsOFF | OFF_ONlessgrantsOFF | OFF_ONlessgrantsOFF | OFF_ONlessgrantsOFF | OFF_ ONlessgrantsOFF | OFF_ ONlessgrantsOFF | |
| Coef. | Coef. | Coef. | Coef. | Coef. | Coef. | |
| Variable | (Std. Err.) | (Std. Err.) | (Std. Err.) | (Std. Err.) | (Std. Err.) | (Std. Err.) |
| L1.OFF_ONlessgrantsOFF | −0.3253 (0.0276)*** | −0.3253 (0.0850)*** | −0.1287 (0.0225)*** | −0.1287 (0.1723) | 0.1829 (0.0591)*** | 0.1829 (0.1930) |
| L2.OFF_ONlessgrantsOFF | −0.1667 (0.0177)*** | −0.1667 (0.0524)*** | 0.0595 (0.0178)*** | 0.0595 (0.1240) | −0.0919 (0.0249)*** | −0.0919 (0.0546)* |
| L3.OFF_ONlessgrantsOFF | −0.0951 (0.0173)*** | −0.0951 (0.0529)* | 0.3011 (0.0363)*** | 0.3011 (0.2214) | −0.0113 (0.0208) | −0.0113 (0.0430) |
| ln_ON_pop | −0.1843 (0.0130)*** | −0.1843 (0.0327)*** | −0.1276 (0.0133)*** | −0.1276 (0.0349)*** | −0.0825 (0.0159)*** | −0.0825 (0.0399)** |
| Grants | 0.0389 (0.0343) | 0.0389 (0.0766) | −0.0932 (0.0278)*** | −0.0932 (0.0709) | −0.0446 (0.0276) | −0.0446 (0.0385) |
| L1.Debt fiscal limit H1A | 0.0036 (0.0022)* | 0.0036 (0.0038) | 0.0346 (0.0046)*** | 0.0346 (0.0130)*** | 0.0269 (0.0038)*** | 0.0269 (0.0058)*** |
| Debt_per capita H2 | −0.0011 (0.0010) | −0.0011 (0.0041) | −0.0038 (0.0020)* | −0.0038 (0.0053) | −0.0004 (0.0012) | −0.0004 (0.0018) |
| Growth | 0.0376 (0.0063)*** | 0.0376 (0.0162)** | −0.0017 (0.0066) | −0.0017 (0.0229) | −0.0382 (0.0105)*** | −0.0382 (0.0311) |
| year2013 | −0.0008 (0.0020) | −0.0008 (0.0031) | 0.0011 (0.0023) | 0.0011 (0.0051) | −0.0020 (0.0013) | −0.0020 (0.0026) |
| year2015 | 0.0217 (0.0035)*** | 0.0217 (0.0069)*** | −0.0317 (0.0037)*** | −0.0317 (0.0102)*** | −0.0233 (0.0034)*** | −0.0233 (0.0050)*** |
| year2017 | 0.0388 (0.0051)*** | 0.0388 (0.0095)*** | 0.0083 (0.0023)*** | 0.0083 (0.0056) | 0.0034 (0.0029) | 0.0034 (0.0070) |
| year2018 | 0.0460 (0.0058)*** | 0.0460 (0.0108)*** | 0.0093 (0.0041)*** | 0.0093 (0.0108) | 0.0013 (0.0041) | 0.0013 (0.0100) |
| year | 0.0009 (0.0001)*** | 0.0009 (0.0001)*** | 0.0006 (0.0001)*** | 0.0006 (0.0002)*** | 0.0004 (0.0001)*** | 0.0004 (0.0002)*** |
| Number of observations | 901 | 901 | 744 | 744 | 1,487 | 1,487 |
| Number of groups | 172 | 172 | 175 | 175 | 311 | 311 |
| Number of instruments | 41 | 41 | 41 | 41 | 41 | 41 |
| Wald test | 1279.53*** | 275.53*** | 1813.54*** | 351.45*** | 1550.02*** | 673.82*** |
| Sargan test | 57.6353 | 57.6353 | 46.9452 | 46.9452 | 64.1502 | 64.1502 |
| 0.0008 | 0.0008 | 0.0139 | 0.0139 | 0.0001 | 0.0001 | |
| Arellano–Bond test AR(1) | −0.7697 | −0.6296 | −1.3910 | −1.2548 | −1.5209 | −1.3726 |
| 0.4415 | 0.5289 | 0.1642 | 0.2095 | 0.1283 | 0.1699 | |
| AR(2) | 0.8884 | 0.6254 | −1.6153 | −0.5564 | 0.6878 | 0.5710 |
| 0.3743 | 0.5317 | 0.1062 | 0.5779 | 0.4916 | 0.5680 | |
| Urban LGs | Rural LGs | Urban–rural LGs | ||||
|---|---|---|---|---|---|---|
| WC-Robust | WC-Robust | WC-Robust | ||||
| OFF_ONlessgrantsOFF | OFF_ONlessgrantsOFF | OFF_ONlessgrantsOFF | OFF_ONlessgrantsOFF | OFF_ | OFF_ | |
| Coef. | Coef. | Coef. | Coef. | Coef. | Coef. | |
| Variable | (Std. Err.) | (Std. Err.) | (Std. Err.) | (Std. Err.) | (Std. Err.) | (Std. Err.) |
| L1.OFF_ONlessgrantsOFF | −0.3253 (0.0276) | −0.3253 (0.0850) | −0.1287 (0.0225) | −0.1287 (0.1723) | 0.1829 (0.0591) | 0.1829 (0.1930) |
| L2.OFF_ONlessgrantsOFF | −0.1667 (0.0177) | −0.1667 (0.0524) | 0.0595 (0.0178) | 0.0595 (0.1240) | −0.0919 (0.0249) | −0.0919 (0.0546) |
| L3.OFF_ONlessgrantsOFF | −0.0951 (0.0173) | −0.0951 (0.0529) | 0.3011 (0.0363) | 0.3011 (0.2214) | −0.0113 (0.0208) | −0.0113 (0.0430) |
| ln_ON_pop | ||||||
| Grants | 0.0389 (0.0343) | 0.0389 (0.0766) | −0.0932 (0.0278) | −0.0932 (0.0709) | −0.0446 (0.0276) | −0.0446 (0.0385) |
| L1.Debt fiscal limit | 0.0036 (0.0022) | 0.0036 (0.0038) | ||||
| Debt_per capita | −0.0011 (0.0010) | −0.0011 (0.0041) | −0.0038 (0.0020) | −0.0038 (0.0053) | −0.0004 (0.0012) | −0.0004 (0.0018) |
| Growth | 0.0376 (0.0063) | 0.0376 (0.0162) | −0.0017 (0.0066) | −0.0017 (0.0229) | −0.0382 (0.0105) | −0.0382 (0.0311) |
| year2013 | −0.0008 (0.0020) | −0.0008 (0.0031) | 0.0011 (0.0023) | 0.0011 (0.0051) | −0.0020 (0.0013) | −0.0020 (0.0026) |
| year2015 | 0.0217 (0.0035) | 0.0217 (0.0069) | −0.0317 (0.0037) | −0.0317 (0.0102) | −0.0233 (0.0034) | −0.0233 (0.0050) |
| year2017 | 0.0388 (0.0051) | 0.0388 (0.0095) | 0.0083 (0.0023) | 0.0083 (0.0056) | 0.0034 (0.0029) | 0.0034 (0.0070) |
| year2018 | 0.0460 (0.0058) | 0.0460 (0.0108) | 0.0093 (0.0041) | 0.0093 (0.0108) | 0.0013 (0.0041) | 0.0013 (0.0100) |
| year | 0.0009 (0.0001) | 0.0009 (0.0001) | 0.0006 (0.0001) | 0.0006 (0.0002) | 0.0004 (0.0001) | 0.0004 (0.0002) |
| Number of observations | 901 | 901 | 744 | 744 | 1,487 | 1,487 |
| Number of groups | 172 | 172 | 175 | 175 | 311 | 311 |
| Number of instruments | 41 | 41 | 41 | 41 | 41 | 41 |
| Wald test | 1279.53 | 275.53 | 1813.54 | 351.45 | 1550.02 | 673.82 |
| Sargan test | 57.6353 | 57.6353 | 46.9452 | 46.9452 | 64.1502 | 64.1502 |
| 0.0008 | 0.0008 | 0.0139 | 0.0139 | 0.0001 | 0.0001 | |
| Arellano–Bond test AR(1) | −0.7697 | −0.6296 | −1.3910 | −1.2548 | −1.5209 | −1.3726 |
| 0.4415 | 0.5289 | 0.1642 | 0.2095 | 0.1283 | 0.1699 | |
| AR(2) | 0.8884 | 0.6254 | −1.6153 | −0.5564 | 0.6878 | 0.5710 |
| 0.3743 | 0.5317 | 0.1062 | 0.5779 | 0.4916 | 0.5680 | |
Notes:
*p < 0.1; **p < 0.05; ***p < 0.01; Std. Err. in brackets
Sharing content requires targeting cookies to be enabled. Please update your cookie preferences to use this feature.