Please use this identifier to cite or link to this item: http://hdl.handle.net/2445/115343
Title: Overlapping political budget cycles in the legislative and the executive
Author: Foremny, Dirk
Freier, Ronny
Moessinger, Marc-Daniel
Yeter, Mustafa
Keywords: Eleccions
Despeses públiques
Eleccions locals
Elections
Public expenditures
Local elections
Issue Date: 2015
Publisher: Institut d’Economia de Barcelona
Series/Report no: [WP E-IEB15/01]
Abstract: We advance the literature on political budget cycles by testing separately for cycles in expenditures for elections in the legislative and the executive. Using municipal data, we can separately identify these cycles and account for general year effects. For the executive branch, we show that it is important whether the incumbent re-runs. To account for the potential endogeneity associated with this decision, we apply a unique instrumental variables approach based on age and pension eligibility rules. We find sizable and significant effects in expenditures before council elections and before joint elections when the incumbent re-runs.
Note: Reproducció del document publicat a: http://www.ieb.ub.edu/2012022157/ieb/ultimes-publicacions
It is part of: IEB Working Paper 2015/01
URI: http://hdl.handle.net/2445/115343
Appears in Collections:IEB (Institut d’Economia de Barcelona) – Working Papers

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