Electoral effects on the composition of public spending and revenue : evidence from a large panel of countries
Autor(a) principal: | |
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Data de Publicação: | 2014 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/1822/31271 |
Resumo: | This paper examines the effects of elections on central governments’ fiscal policy conducts. We construct a unique database of disaggregated spending and revenue series at the central government level, for a panel of up to 107 countries over the 1975-2010 period. Using this data, we show that under some specific political environments, incumbents generate political budget cycles, predominantly by increasing current, rather than capital, spending and reducing taxes, most often income taxes. However, when democracies are matured, in election years, central governments reallocate their expenditure and revenue components, without changing their total levels. Specifically, they reallocate spending from capital spending to grants to other government units, while reducing income taxes and increasing consumption taxes instead. |
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Electoral effects on the composition of public spending and revenue : evidence from a large panel of countriesPolitical budget cyclesSpending and revenue compositionCentral governmentOpportunismCiências Sociais::Economia e GestãoThis paper examines the effects of elections on central governments’ fiscal policy conducts. We construct a unique database of disaggregated spending and revenue series at the central government level, for a panel of up to 107 countries over the 1975-2010 period. Using this data, we show that under some specific political environments, incumbents generate political budget cycles, predominantly by increasing current, rather than capital, spending and reducing taxes, most often income taxes. However, when democracies are matured, in election years, central governments reallocate their expenditure and revenue components, without changing their total levels. Specifically, they reallocate spending from capital spending to grants to other government units, while reducing income taxes and increasing consumption taxes instead.COMPETEQRENFEDERFundação para a Ciência e a Tecnologia (FCT)Universidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE)Universidade do MinhoMorozumi, AtsuyoshiVeiga, Francisco JoséVeiga, Linda Gonçalves20142014-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/1822/31271enghttp://www.nipe.eeg.uminho.pt/Uploads/WP_2014/NIPE_WP_23_2014.pdfinfo: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:RCAAP2023-07-21T11:59:16Zoai:repositorium.sdum.uminho.pt:1822/31271Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T18:49:01.031951Repositório 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 |
Electoral effects on the composition of public spending and revenue : evidence from a large panel of countries |
title |
Electoral effects on the composition of public spending and revenue : evidence from a large panel of countries |
spellingShingle |
Electoral effects on the composition of public spending and revenue : evidence from a large panel of countries Morozumi, Atsuyoshi Political budget cycles Spending and revenue composition Central government Opportunism Ciências Sociais::Economia e Gestão |
title_short |
Electoral effects on the composition of public spending and revenue : evidence from a large panel of countries |
title_full |
Electoral effects on the composition of public spending and revenue : evidence from a large panel of countries |
title_fullStr |
Electoral effects on the composition of public spending and revenue : evidence from a large panel of countries |
title_full_unstemmed |
Electoral effects on the composition of public spending and revenue : evidence from a large panel of countries |
title_sort |
Electoral effects on the composition of public spending and revenue : evidence from a large panel of countries |
author |
Morozumi, Atsuyoshi |
author_facet |
Morozumi, Atsuyoshi Veiga, Francisco José Veiga, Linda Gonçalves |
author_role |
author |
author2 |
Veiga, Francisco José Veiga, Linda Gonçalves |
author2_role |
author author |
dc.contributor.none.fl_str_mv |
Universidade do Minho |
dc.contributor.author.fl_str_mv |
Morozumi, Atsuyoshi Veiga, Francisco José Veiga, Linda Gonçalves |
dc.subject.por.fl_str_mv |
Political budget cycles Spending and revenue composition Central government Opportunism Ciências Sociais::Economia e Gestão |
topic |
Political budget cycles Spending and revenue composition Central government Opportunism Ciências Sociais::Economia e Gestão |
description |
This paper examines the effects of elections on central governments’ fiscal policy conducts. We construct a unique database of disaggregated spending and revenue series at the central government level, for a panel of up to 107 countries over the 1975-2010 period. Using this data, we show that under some specific political environments, incumbents generate political budget cycles, predominantly by increasing current, rather than capital, spending and reducing taxes, most often income taxes. However, when democracies are matured, in election years, central governments reallocate their expenditure and revenue components, without changing their total levels. Specifically, they reallocate spending from capital spending to grants to other government units, while reducing income taxes and increasing consumption taxes instead. |
publishDate |
2014 |
dc.date.none.fl_str_mv |
2014 2014-01-01T00:00:00Z |
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 |
http://hdl.handle.net/1822/31271 |
url |
http://hdl.handle.net/1822/31271 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
http://www.nipe.eeg.uminho.pt/Uploads/WP_2014/NIPE_WP_23_2014.pdf |
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 |
Universidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE) |
publisher.none.fl_str_mv |
Universidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE) |
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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1799132253477928960 |