In this broad sense, impartiality is probably best characterized in a negative rather than positive manner: an impartial choice is simply one in which a certain sort of consideration (i.e. some property of the individuals being chosen between) has no influence. Read More
Preprints are early versions of research articles that have not been peer reviewed. They should not be regarded as conclusive and should not be reported in news media as established information.
Analysis of the Financial Fragility Hypothesis Applied to the Public Sector by Means of Structural Equations
preprintposted on 2022-02-05, 01:23 authored by Cláudio CaríssimoCláudio Caríssimo, Eduardo Gomes Carvalho, Francisval Melo Carvalho, carlos eduardo Stefaniak Aveline
This study analysed the effects of public debt interest and charges through on Financial Fragility Hypothesis (FFH), in relation to Brazilian states’ public debt. Structural equation modelling was used as the empirical procedure. The effects of the structural model’s constructs explained 90.2% of the Public Sector Financial Position. The proposed model showed significance and relevance of the formative indicators. The results show that financial fragility is caused by excessive current spending but is aggravated by interest and amortisation costs that exceed the Current Revenue/Current Expenditure balance. This evidence confirms the assumptions of the FFH when applied to the public sector.
Declaration of conflicts of interestNo
Corresponding author firstname.lastname@example.org
Lead author countryBrazil
Lead author job roleCareer College Faculty
Lead author institutionFederal University of Alfenas
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