Debt and political business cycles in portuguese municipalities

Bibliographic Details
Main Author: Silva, Carla Alexandra Oliveira da
Publication Date: 2007
Format: Master thesis
Language: por
Source: Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
Download full: http://hdl.handle.net/10400.5/22207
Summary: Mestrado em Finanças
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network_name_str Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
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spelling Debt and political business cycles in portuguese municipalitiesPoliticai Business CyclesLocal GovernmentPortugalDebtMestrado em FinançasThe concept of Politicai Business Cycles considers the relationship between politics and economic policies. International and national empirical works have sought to establish which, if any, of two forms of politicai business cycles exist: opportunistic or partisan. The objective of this work is the study of politicai business cycles (PBC) at local government levei through debt based on a set of Poríuguese data. Traditionally, politicai business cycles are observed through budgetary variables, in particular, investment. Expenditure relates with municipal financing mechanisms, one of which is debt. In order to attempt to discover politicai business cycles in the behaviour of debt, we have built an econometric generic model, supported by a set of variables that has been used in recent studies to capture opportunistic cycles. This model was applied to data for the period 1978-2002, covering seven municipal elections in the years 1979, 1982, 1985, 1989, 1993, 1997 and 2001. An ideological variable was included to study its interaction with the dependent variable on a set of fifteen individual municipalities where partisan cycles were analysed. The model was estimated through OLS linear regressions for a set of data which included three leveis: i) the municipalities of Continental Portugal; ii) the Lisbon district, which is composed of 15 municipalities; and iii) those fifteen individual municipalities. We conclude, on the basis of our results, that opportunistic cycles occur in the first two of the three above-mentioned leveis.Instituto Superior de Economia e GestãoCouto, Eduardo BarbosaRepositório da Universidade de LisboaSilva, Carla Alexandra Oliveira da2021-10-12T11:05:21Z2007-062007-06-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10400.5/22207porSilva, Carla Alexandra Oliveira da Silva (2007). "Debt and political business cycles in portuguese municipalities". Dissertação de Mestrado. Universidade Técnica de Lisboa. Instituto Superior de Economia e Gestão.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:RCAAP2025-03-17T15:41:01Zoai:repositorio.ulisboa.pt:10400.5/22207Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireinfo@rcaap.ptopendoar:https://opendoar.ac.uk/repository/71602025-05-29T03:50:45.188807Repositórios 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 Debt and political business cycles in portuguese municipalities
title Debt and political business cycles in portuguese municipalities
spellingShingle Debt and political business cycles in portuguese municipalities
Silva, Carla Alexandra Oliveira da
Politicai Business Cycles
Local Government
Portugal
Debt
title_short Debt and political business cycles in portuguese municipalities
title_full Debt and political business cycles in portuguese municipalities
title_fullStr Debt and political business cycles in portuguese municipalities
title_full_unstemmed Debt and political business cycles in portuguese municipalities
title_sort Debt and political business cycles in portuguese municipalities
author Silva, Carla Alexandra Oliveira da
author_facet Silva, Carla Alexandra Oliveira da
author_role author
dc.contributor.none.fl_str_mv Couto, Eduardo Barbosa
Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Silva, Carla Alexandra Oliveira da
dc.subject.por.fl_str_mv Politicai Business Cycles
Local Government
Portugal
Debt
topic Politicai Business Cycles
Local Government
Portugal
Debt
description Mestrado em Finanças
publishDate 2007
dc.date.none.fl_str_mv 2007-06
2007-06-01T00:00:00Z
2021-10-12T11:05:21Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/22207
url http://hdl.handle.net/10400.5/22207
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv Silva, Carla Alexandra Oliveira da Silva (2007). "Debt and political business cycles in portuguese municipalities". Dissertação de Mestrado. Universidade Técnica de Lisboa. Instituto Superior de Economia e Gestão.
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 Instituto Superior de Economia e Gestão
publisher.none.fl_str_mv Instituto Superior de Economia e Gestão
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_ 1833601855508185088

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