Debt study in the Portugal Local Administration: empirical evidence using panel data analysis models Susana Jorge Hot
Uploaded by Susana Jorge     Uploaded date: October 05, 2014    
Publication date
December 14, 2013
Paper language
The purpose of this research is to identify, based on the period 2004 to 2009, the determinant factors of the Portuguese
municipalities’ debt level, trying to understand which ones affect it and in what way.
Institutional, political, fiscal and financial‑economic factors are studied. A methodology of panel data treatment is applied to all municipalities of Lisbon region. This
methodology appears as adequate to the study intended to be developed, since it allows simultaneously analysing inter‑municipalities
variations (cross‑sectional dimension) as well as along time (time series dimension). Findings indicate that the most important factors in determining the debt level
of the municipalities of Lisbon region are the tourist capacity and capital revenues.
Preferred Citation
RIBEIRO, Nuno; JORGE, Susana; CERVERA, Mercedes (2013); «Estudo do endividamento da Administração Local portuguesa: evidência empírica usando modelos de análise de dados em painel»; NOTAS ECONÓMICAS, Faculdade de Economia, Universidade de Coimbra, Vol.38, pp.44-65
Municipal debt, Local Administration, Debt level determinants.
Type of Paper
Published paper

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