Resumen

NANDE VAZQUEZ, Edgard Alfredo  y  PEREZ CRUZ, Omar Alejandro. The moderating effect of government spending and its impact on public debt in Mexico. Revista de coyuntura y perspectiva [online]. 2021, vol.6, n.4, pp.77-104. ISSN 2415-0622.

Abstract The indebtedness component of state public spending in Mexico fits into the political budget cycle (CPP) as part of the general theory of the political economic cycle (CEP). In this research, a retrospective analysis of the determinants of public indebtedness of the states of Mexico in the period of 2000-2014 is carried out. To obtain information on the values ​​of public spending for later, estimate extended autoregressive models that incorporate electoral (dichotomous) variables and are controlled by the effects of the economic cycle. The results show the presence of the CEP in the state public expenditure, in the area of ​​capital expenditures, which explains the debt is a resource that finances public works in the states of Mexico

Palabras clave : political economic cycle; public debt; data panel.

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