The effects of electoral incentives on fiscal policy: evidence from a legislative change at the local government level

Detalhes bibliográficos
Autor(a) principal: Veiga, Linda Gonçalves
Data de Publicação: 2019
Outros Autores: Veiga, Francisco José
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: https://hdl.handle.net/1822/65647
Resumo: Author's Accepted Manuscript
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spelling The effects of electoral incentives on fiscal policy: evidence from a legislative change at the local government levelElectoral incentivesTerm limitsLocal governmentsLegislative changeD72H3H7K16Ciências Sociais::Economia e GestãoSocial SciencesAuthor's Accepted ManuscriptThis paper analyzes how electoral incentives shape fiscal policy, focusing on the introduction of mayoral term limits in Portugal. Applying a difference-in-differences approach, we find evidence that when a municipality has a term-limited (TL) mayor, it experiences a fall in revenues and expenditures. The effect seems to be driven by lower effort of lame-duck mayors, relative to reelection-eligible ones, to implement new investments and to obtain conditional grants from the central government, especially in election years. Although lame ducks are less opportunistic in general, the results suggest that opportunism may not decrease in municipalities whose TL mayors resign before the end of their terms and are replaced by their (eligible) vice-mayors.The authors thank Henry Chappell, Toke Aidt, Susana Peralta, Fabio Padovano, Mariana Lopes da Fonseca, Joao Cerejeira, Miguel Portela, Antonio Tavares, Albert Sole -Olle , Daniele Bondonio, Erik Snowberg, and two anonymous referees for their very helpful comments, and Bruno Fernandes and Joao Martins for their excellent research assistance. We are grateful for the financial support of Fundacao Francisco Manuel dos Santos. This work was also carried out within the funding with COMPETE reference POCI-01-0145-FEDER-006683 (UID/ECO/03182/2013), with the FCT/MEC's (Fundacao para a Ciencia e a Tecnologia, I.P.) financial support through national funding, and by the ERDF through the Operational Programme on "Competitiveness and Internationalization"-COMPETE 2020 under the PT2020 Partnership Agreement.Oxford University PressUniversidade do MinhoVeiga, Linda GonçalvesVeiga, Francisco José20192019-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/1822/65647engVeiga, L. G., & Veiga, F. J. (2019, January 18). The Effects of Electoral Incentives on Fiscal Policy: Evidence from a Legislative Change at the Local Government Level. The Journal of Law, Economics, and Organization. Oxford University Press (OUP). http://doi.org/10.1093/jleo/ewy0278756-62221465-734110.1093/jleo/ewy027https://academic.oup.com/jleo/article-abstract/35/2/394/5296292info: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:RCAAP2023-07-21T12:10:33Zoai:repositorium.sdum.uminho.pt:1822/65647Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T19:02:12.834783Repositório 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 The effects of electoral incentives on fiscal policy: evidence from a legislative change at the local government level
title The effects of electoral incentives on fiscal policy: evidence from a legislative change at the local government level
spellingShingle The effects of electoral incentives on fiscal policy: evidence from a legislative change at the local government level
Veiga, Linda Gonçalves
Electoral incentives
Term limits
Local governments
Legislative change
D72
H3
H7
K16
Ciências Sociais::Economia e Gestão
Social Sciences
title_short The effects of electoral incentives on fiscal policy: evidence from a legislative change at the local government level
title_full The effects of electoral incentives on fiscal policy: evidence from a legislative change at the local government level
title_fullStr The effects of electoral incentives on fiscal policy: evidence from a legislative change at the local government level
title_full_unstemmed The effects of electoral incentives on fiscal policy: evidence from a legislative change at the local government level
title_sort The effects of electoral incentives on fiscal policy: evidence from a legislative change at the local government level
author Veiga, Linda Gonçalves
author_facet Veiga, Linda Gonçalves
Veiga, Francisco José
author_role author
author2 Veiga, Francisco José
author2_role author
dc.contributor.none.fl_str_mv Universidade do Minho
dc.contributor.author.fl_str_mv Veiga, Linda Gonçalves
Veiga, Francisco José
dc.subject.por.fl_str_mv Electoral incentives
Term limits
Local governments
Legislative change
D72
H3
H7
K16
Ciências Sociais::Economia e Gestão
Social Sciences
topic Electoral incentives
Term limits
Local governments
Legislative change
D72
H3
H7
K16
Ciências Sociais::Economia e Gestão
Social Sciences
description Author's Accepted Manuscript
publishDate 2019
dc.date.none.fl_str_mv 2019
2019-01-01T00:00:00Z
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/1822/65647
url https://hdl.handle.net/1822/65647
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Veiga, L. G., & Veiga, F. J. (2019, January 18). The Effects of Electoral Incentives on Fiscal Policy: Evidence from a Legislative Change at the Local Government Level. The Journal of Law, Economics, and Organization. Oxford University Press (OUP). http://doi.org/10.1093/jleo/ewy027
8756-6222
1465-7341
10.1093/jleo/ewy027
https://academic.oup.com/jleo/article-abstract/35/2/394/5296292
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 Oxford University Press
publisher.none.fl_str_mv Oxford University Press
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
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