Political business cycles at the municipal level

Detalhes bibliográficos
Autor(a) principal: Veiga, Linda Gonçalves
Data de Publicação: 2007
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: http://hdl.handle.net/1822/6823
Resumo: The present article tests predictions of rational political business cycle models using a large and previously unexplored data set of Portuguese municipalities. This data allows for a clean test of these predictions due to the high level of detail on expenditure items, an exogenous fixed election schedule, and homogeneity of Portuguese local governments with respect to policy instruments and institutions. Estimation results clearly reveal the opportunistic behaviour of local governments. In pre-electoral periods, they increase total expenditures and change their composition favouring items that are highly visible to the electorate. This behaviour is consistent with an effort to signal competence and increase chances of re-election.
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spelling Political business cycles at the municipal levelPolitical business cyclesPublic financeLocal governmentsElectionsPortugalSocial SciencesThe present article tests predictions of rational political business cycle models using a large and previously unexplored data set of Portuguese municipalities. This data allows for a clean test of these predictions due to the high level of detail on expenditure items, an exogenous fixed election schedule, and homogeneity of Portuguese local governments with respect to policy instruments and institutions. Estimation results clearly reveal the opportunistic behaviour of local governments. In pre-electoral periods, they increase total expenditures and change their composition favouring items that are highly visible to the electorate. This behaviour is consistent with an effort to signal competence and increase chances of re-election.Fundação para a Ciência e a Tecnologia (FCT) - project Voters, policymakers and the economy (POCTI/2001/ECO/37457)SpringerUniversidade do MinhoVeiga, Linda GonçalvesVeiga, Francisco José2007-042007-04-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/1822/6823eng"Public Choice". ISSN 0048-5829. 131:1-2 (Apr. 2007) 45-64.0048-582910.1007/s11127-006-9104-2http://www.springerlink.com/content/x842780m03r7/?p=de503342c61347239f90bc8a5cc584cf&pi=3info: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:RCAAP2023-07-21T12:42:45Zoai:repositorium.sdum.uminho.pt:1822/6823Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T19:40:04.398449Repositório 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 Political business cycles at the municipal level
title Political business cycles at the municipal level
spellingShingle Political business cycles at the municipal level
Veiga, Linda Gonçalves
Political business cycles
Public finance
Local governments
Elections
Portugal
Social Sciences
title_short Political business cycles at the municipal level
title_full Political business cycles at the municipal level
title_fullStr Political business cycles at the municipal level
title_full_unstemmed Political business cycles at the municipal level
title_sort Political business cycles at the municipal 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 Political business cycles
Public finance
Local governments
Elections
Portugal
Social Sciences
topic Political business cycles
Public finance
Local governments
Elections
Portugal
Social Sciences
description The present article tests predictions of rational political business cycle models using a large and previously unexplored data set of Portuguese municipalities. This data allows for a clean test of these predictions due to the high level of detail on expenditure items, an exogenous fixed election schedule, and homogeneity of Portuguese local governments with respect to policy instruments and institutions. Estimation results clearly reveal the opportunistic behaviour of local governments. In pre-electoral periods, they increase total expenditures and change their composition favouring items that are highly visible to the electorate. This behaviour is consistent with an effort to signal competence and increase chances of re-election.
publishDate 2007
dc.date.none.fl_str_mv 2007-04
2007-04-01T00:00:00Z
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/1822/6823
url http://hdl.handle.net/1822/6823
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv "Public Choice". ISSN 0048-5829. 131:1-2 (Apr. 2007) 45-64.
0048-5829
10.1007/s11127-006-9104-2
http://www.springerlink.com/content/x842780m03r7/?p=de503342c61347239f90bc8a5cc584cf&pi=3
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 Springer
publisher.none.fl_str_mv Springer
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
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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
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