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Table 2 Baseline results of the duration analysis

From: Decentralization and the duration of fiscal consolidation: shifting the burden across layers of government

Survival time (1) (2) (3)
Decentralization
 edec   −0.030***
(0.008)
−0.032***
(0.008)
Controls
 primary balance(t − 1) −0.067*
(0.036)
−0.056
(0.036)
−0.071**
(0.035)
 debt(t − 1) 0.020
(0.028)
0.006
(0.029)
0.005
(0.029)
 debt −0.040
(0.028)
−0.025
(0.028)
−0.025
(0.028)
 Δ interest payments 0.498***
(0.167)
0.497***
(0.165)
0.493***
(0.171)
 real gdp growth −0.188***
(0.055)
−0.139**
(0.057)
−0.142**
(0.056)
 Δ interest rate 0.036
(0.051)
0.000
(0.052)
−0.002
(0.052)
 election year 0.107
(0.163)
0.119
(0.165)
0.110
(0.167)
 right wing −0.548***
(0.169)
−0.273
(0.183)
−0.271
(0.181)
 government type −0.703***
(0.169)
−0.406**
(0.190)
−0.406**
(0.185)
 tax based consolidation 0.248*
(0.131)
0.209**
(0.088)
0.201**
(0.082)
Hazard parameters
 Constant −0.156
(0.245)
0.407
(0.283)
0.476*
(0.283)
 ln(ρ) 0.667***
(0.051)
0.712***
(0.052)
0.715***
(0.052)
Number of observations 166 166 166
  1. Survival time estimation assuming the Weibull survival distribution. Robust standard errors in parentheses
  2. *** p < 0.01; ** p < 0.05; * p < 0.10