Review Reports

Round 1

Reviewer 1 Report

Nice work. You could add a bit about where public finances are spent and heterogeneity in cost-benefit analyses of different public spending. That is pivotal to your story, the decisions by politicians on where to spend funds.

For example, effectiveness of public procurement of construction projects (Srhoj & Dragojević, 2021), or public grants for SMEs (Dvoulety et al., 2021) and R&D grants (Zúñiga‐Vicente et al, 2014).

Literature:

Dvouletý, O., Srhoj, S., & Pantea, S. (2021). Public SME grants and firm performance in European Union: A systematic review of empirical evidence. Small Business Economics, 57(1), 243-263.

Zúñiga‐Vicente, J. Á., Alonso‐Borrego, C., Forcadell, F. J., & Galán, J. I. (2014). Assessing the effect of public subsidies on firm R&D investment: a survey. Journal of economic surveys, 28(1), 36-67.

Srhoj, S., Dragojević, M. (2021). Public procurement and supplier job creation: Insights from auctions. CERGE-EI Working Paper Series, (707).

Author Response

Please see the attachment.

Author Response File: Author Response.pdf

Reviewer 2 Report

File is attached.

Comments for author File: Comments.pdf

Author Response

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Author Response File: Author Response.pdf

Reviewer 3 Report

The aim of the paper is to analyse the sustainability of Mexican municipal public debt.

The main problem of this study is the age of the data. I can see the benefits of incorporating the 2008 effects of international financial crisis, but, in my opinion, is of more interest the effects of the covid-19 pandemics. If possible, you could try and expand the period.

Another problem that must be resolved is the lack of recent references. You should add references on the municipal public debt from year 2018 onwards.

Author Response

Please see the attachment.

Author Response File: Author Response.pdf

Round 2

Reviewer 2 Report

My concerns and comments were duly answered. 

Regards

Reviewer 2

Reviewer 3 Report

Accept