This paper offers empirical evidence for the Spanish case on the hypothesis that public ownership may be a determinant of a firm's performance. Two alternative definitions of efficiency are proposed: relative productivity and profitability. The role of ownership is tested, conditioning for the...

This paper provides a first approach to the analysis of the determinants of public balances of regional (Autonomous) governments. These determinants have been divided into economic, political and institutional factors and into those factors specific to lower levels of government (fiscal...