Political business cycles at the municipal level

Bibliographic Details
Main Author: Veiga, Linda Gonçalves
Publication Date: 2004
Other Authors: Veiga, Francisco José
Language: eng
Source: Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
Download full: http://hdl.handle.net/1822/2076
Summary: This article tests for the existence of rational political business cycles models using a large and unexplored data set of Portuguese municipalities. The data set is well-suited for this purpose because it provides a high level of detail on expenditure items, because Portuguese municipalities are homogeneous with respect to policy instruments and institutions and follow an exogenously determined election schedule. Estimation results clearly reveal the existence of opportunistic behaviour by local governments. Expenditures increase in pre-election periods, especially on items that are highly visible to the electorate (e.g., highways and streets). This suggests an effort to signal competence and improve chances of re-election.
id RCAP_4fb05d6c84d7e1c02d738c0c1ada6b24
oai_identifier_str oai:repositorium.sdum.uminho.pt:1822/2076
network_acronym_str RCAP
network_name_str Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
repository_id_str https://opendoar.ac.uk/repository/7160
spelling Political business cycles at the municipal levelPolitical business cyclesPublic financeLocal governmentsThis article tests for the existence of rational political business cycles models using a large and unexplored data set of Portuguese municipalities. The data set is well-suited for this purpose because it provides a high level of detail on expenditure items, because Portuguese municipalities are homogeneous with respect to policy instruments and institutions and follow an exogenously determined election schedule. Estimation results clearly reveal the existence of opportunistic behaviour by local governments. Expenditures increase in pre-election periods, especially on items that are highly visible to the electorate (e.g., highways and streets). This suggests an effort to signal competence and improve chances of re-election.Universidade do MinhoVeiga, Linda GonçalvesVeiga, Francisco José2004-082004-08-01T00:00:00Zconference paperinfo:eu-repo/semantics/publishedVersionapplication/pdfhttp://hdl.handle.net/1822/2076engCONGRESS OF THE EUROPEAN REGIONAL SCIENCE ASSOCIATION, 44, Porto, 2004.info:eu-repo/semantics/openAccessreponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiainstacron:RCAAP2024-05-11T07:39:41Zoai:repositorium.sdum.uminho.pt:1822/2076Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireinfo@rcaap.ptopendoar:https://opendoar.ac.uk/repository/71602025-05-28T16:35:17.828327Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiafalse
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
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
topic Political business cycles
Public finance
Local governments
description This article tests for the existence of rational political business cycles models using a large and unexplored data set of Portuguese municipalities. The data set is well-suited for this purpose because it provides a high level of detail on expenditure items, because Portuguese municipalities are homogeneous with respect to policy instruments and institutions and follow an exogenously determined election schedule. Estimation results clearly reveal the existence of opportunistic behaviour by local governments. Expenditures increase in pre-election periods, especially on items that are highly visible to the electorate (e.g., highways and streets). This suggests an effort to signal competence and improve chances of re-election.
publishDate 2004
dc.date.none.fl_str_mv 2004-08
2004-08-01T00:00:00Z
dc.type.driver.fl_str_mv conference paper
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/1822/2076
url http://hdl.handle.net/1822/2076
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv CONGRESS OF THE EUROPEAN REGIONAL SCIENCE ASSOCIATION, 44, Porto, 2004.
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.source.none.fl_str_mv reponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron:RCAAP
instname_str FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron_str RCAAP
institution RCAAP
reponame_str Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
collection Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
repository.name.fl_str_mv Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
repository.mail.fl_str_mv info@rcaap.pt
_version_ 1833596037950865408

Similar Items