Utilize este identificador para referenciar este registo:
https://hdl.handle.net/1822/65647
Título: | The effects of electoral incentives on fiscal policy: evidence from a legislative change at the local government level |
Autor(es): | Veiga, Linda Gonçalves Veiga, Francisco José |
Palavras-chave: | Electoral incentives Term limits Local governments Legislative change D72 H3 H7 K16 |
Data: | 2019 |
Editora: | Oxford University Press |
Revista: | Journal of Law Economics & Organization |
Citação: | 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 |
Resumo(s): | This 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. |
Tipo: | Artigo |
Descrição: | Author's Accepted Manuscript |
URI: | https://hdl.handle.net/1822/65647 |
DOI: | 10.1093/jleo/ewy027 |
ISSN: | 8756-6222 |
e-ISSN: | 1465-7341 |
Versão da editora: | https://academic.oup.com/jleo/article-abstract/35/2/394/5296292 |
Arbitragem científica: | yes |
Acesso: | Acesso aberto |
Aparece nas coleções: | NIPE - Artigos em Revistas de Circulação Internacional com Arbitragem Científica |
Ficheiros deste registo:
Ficheiro | Descrição | Tamanho | Formato | |
---|---|---|---|---|
RepositoriUM_JLEO_2019_Veiga&Veiga.pdf | 634,9 kB | Adobe PDF | Ver/Abrir |