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Table 3 Duration analysis with interaction effects

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

Survival time (1) (2) (3)
Decentralization
 edec −0.013
(0.018)
−0.022**
(0.011)
−0.023
(0.015)
Autonomy
 fiscal autonomy 0.508**
(0.241)
  
 executive influence   2.571***
(0.822)
 
 shared ruling    0.142*
(0.078)
Interaction terms
 fiscal autonomy · edec −0.011*
(0.006)
  
 executive influence · edec   −0.056***
(0.019)
 
 shared ruling · edec    −0.031
(0.031)
Controls
 primary balance(t − 1) −0.077**
(0.036)
−0.151***
(0.039)
−0.078**
(0.038)
 debt(t − 1) 0.023
(0.032)
0.033
(0.033)
0.015
(0.033)
 debt −0.041
(0.031)
−0.052
(0.032)
−0.035
(0.032)
 Δ interest payments 0.553***
(0.173)
0.497***
(0.153)
0.447**
(0.180)
 real gdp growth −0.145**
(0.063)
−0.145**
(0.064)
−0.146**
(0.065)
 Δ interest rate −0.016
(0.054)
−0.042
(0.049)
−0.012
(0.055)
 election year 0.109
(0.169)
0.155
(0.159)
0.088
(0.172)
 right wing −0.110
(0.209)
−0.111
(0.196)
−0.379*
(0.196)
 government type −0.276
(0.219)
0.035
(0.213)
−0.297
(0.205)
 tax based consolidation 0.204**
(0.089)
0.194**
(0.091)
0.221**
(0.095)
Hazard parameters
 Constant −0.652
(0.691)
−0.520
(0.425)
0.069
(0.381)
 ln(ρ) 0.718***
(0.051)
0.751***
(0.058)
0.711***
(0.051)
Number of observations 162 162 162
  1. Survival time estimation assuming the Weibull survival distribution. Robust standard errors in parentheses. *** p < 0.01; ** p < 0.05; * p < 0.10. All models replicate Model (3) of Table 2 but include the respective interaction terms. Model (1) with fiscal autonomy, Model (2) with executive influence, and Model (3) with fiscal rules