Utilize este identificador para referenciar este registo:
https://hdl.handle.net/1822/6823
Título: | Political business cycles at the municipal level |
Autor(es): | Veiga, Linda Gonçalves Veiga, Francisco José |
Palavras-chave: | Political business cycles Public finance Local governments Elections Portugal |
Data: | Abr-2007 |
Editora: | Springer |
Revista: | Public Choice |
Citação: | "Public Choice". ISSN 0048-5829. 131:1-2 (Apr. 2007) 45-64. |
Resumo(s): | 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. |
Tipo: | Artigo |
URI: | https://hdl.handle.net/1822/6823 |
DOI: | 10.1007/s11127-006-9104-2 |
ISSN: | 0048-5829 1573-7101 |
Versão da editora: | http://www.springerlink.com/content/x842780m03r7/?p=de503342c61347239f90bc8a5cc584cf&pi=3 |
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 | |
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Veiga_Veiga_2007_PC.pdf | Documento principal | 255,19 kB | Adobe PDF | Ver/Abrir |