Municipal revenue over-budgeting: a dynamic analysis of its determinants

Detalhes bibliográficos
Autor(a) principal: Jorge, Susana
Data de Publicação: 2022
Outros Autores: Cerqueira, Pedro, Furtado, Sofia
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: https://hdl.handle.net/1822/83844
Resumo: Published online: 17 Jan 2022
id RCAP_1f7d147b63bcd772af14caaa6f3b93fd
oai_identifier_str oai:repositorium.sdum.uminho.pt:1822/83844
network_acronym_str RCAP
network_name_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository_id_str 7160
spelling Municipal revenue over-budgeting: a dynamic analysis of its determinantsLocal financeBudget inflationBudgetary determinantsInstitutional determinantsPolitical determinantsDynamic panel analysisCiências Sociais::Economia e GestãoSocial SciencesPublished online: 17 Jan 2022This paper investigates which factors affect revenue over-budgeting in the local government, considering budgetary, political, and institutional determinants. It applies dynamic panels analysis to data from Portuguese municipalities between 2005 and 2017. Regarding budgetary arrangements, over-budgeting has implications for several years, taking up to three years to dissipate. The difference between budgeted revenues and the ones collected in the previous year is a good predictor that revenue is overestimated. The ratio of own-source over total revenue is directly related with over-budgeting; however, this effect comes from the municipality’s wealth. About political factors, municipal Executives with political majorities and in electoral years are more prone to over-budget; however, ideology does not seem to be important. As for institutional arrangements, participation in any debt restructuring program is inversely related to over-budgeting, while excessive debt does not seem to play any role. Overall, the only mechanism which reduces over-budgeting misbehavior is external control.This research was funded by the Foundation for Science and Technology of the Portuguese Ministry for Education and Science, Refs UIDB/05037/2020 and UIDB/CPO/00758/2020.RoutledgeUniversidade do MinhoJorge, SusanaCerqueira, PedroFurtado, Sofia20222022-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/1822/83844engJorge, S., Cerqueira, P., & Furtado, S. (2022, January 17). Municipal revenue over-budgeting: a dynamic analysis of its determinants. Local Government Studies. Informa UK Limited. http://doi.org/10.1080/03003930.2021.20253590300-39301743-938810.1080/03003930.2021.2025359https://www.tandfonline.com/doi/full/10.1080/03003930.2021.2025359info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-08-12T01:17:41Zoai:repositorium.sdum.uminho.pt:1822/83844Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T19:25:56.030453Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Municipal revenue over-budgeting: a dynamic analysis of its determinants
title Municipal revenue over-budgeting: a dynamic analysis of its determinants
spellingShingle Municipal revenue over-budgeting: a dynamic analysis of its determinants
Jorge, Susana
Local finance
Budget inflation
Budgetary determinants
Institutional determinants
Political determinants
Dynamic panel analysis
Ciências Sociais::Economia e Gestão
Social Sciences
title_short Municipal revenue over-budgeting: a dynamic analysis of its determinants
title_full Municipal revenue over-budgeting: a dynamic analysis of its determinants
title_fullStr Municipal revenue over-budgeting: a dynamic analysis of its determinants
title_full_unstemmed Municipal revenue over-budgeting: a dynamic analysis of its determinants
title_sort Municipal revenue over-budgeting: a dynamic analysis of its determinants
author Jorge, Susana
author_facet Jorge, Susana
Cerqueira, Pedro
Furtado, Sofia
author_role author
author2 Cerqueira, Pedro
Furtado, Sofia
author2_role author
author
dc.contributor.none.fl_str_mv Universidade do Minho
dc.contributor.author.fl_str_mv Jorge, Susana
Cerqueira, Pedro
Furtado, Sofia
dc.subject.por.fl_str_mv Local finance
Budget inflation
Budgetary determinants
Institutional determinants
Political determinants
Dynamic panel analysis
Ciências Sociais::Economia e Gestão
Social Sciences
topic Local finance
Budget inflation
Budgetary determinants
Institutional determinants
Political determinants
Dynamic panel analysis
Ciências Sociais::Economia e Gestão
Social Sciences
description Published online: 17 Jan 2022
publishDate 2022
dc.date.none.fl_str_mv 2022
2022-01-01T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://hdl.handle.net/1822/83844
url https://hdl.handle.net/1822/83844
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Jorge, S., Cerqueira, P., & Furtado, S. (2022, January 17). Municipal revenue over-budgeting: a dynamic analysis of its determinants. Local Government Studies. Informa UK Limited. http://doi.org/10.1080/03003930.2021.2025359
0300-3930
1743-9388
10.1080/03003930.2021.2025359
https://www.tandfonline.com/doi/full/10.1080/03003930.2021.2025359
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Routledge
publisher.none.fl_str_mv Routledge
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
_version_ 1799132745385902080

Registros relacionados