Please use this identifier to cite or link to this item:
http://hdl.handle.net/2445/127321
Title: | Overlapping political budget cycle |
Author: | Foremny, Dirk Freier, Ronny Moessinger, Marc-Daniel Yeter, Mustafa |
Keywords: | Eleccions Despesa pública Eleccions locals Elections Public expenditures Local elections |
Issue Date: | Oct-2018 |
Publisher: | Springer Verlag |
Abstract: | We advance the literature on political budget cycles by testing for cycles in expenditures for elections to the legislative and the executive branches. Using municipal data, we identify cycles independently for the two branches, evaluate the effects of overlaps, and account for general year effects. We find sizable effects on expenditures before legislative elections and even larger effects before joint elections to the legislature and the office of mayor. In the case of coincident elections, we show that it is important whether the incumbent chief executive seeks reelection. To account for the potential endogeneity of that decision, we apply an IV approach using age and pension eligibility rules. |
Note: | Versió postprint del document publicat a: https://doi.org/10.1007/s11127-018-0582-9 |
It is part of: | Public Choice, 2018, vol. 177, num. 1-2, p. 1-27 |
URI: | http://hdl.handle.net/2445/127321 |
Related resource: | https://doi.org/10.1007/s11127-018-0582-9 |
ISSN: | 0048-5829 |
Appears in Collections: | Articles publicats en revistes (Economia) |
Files in This Item:
File | Description | Size | Format | |
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684070.pdf | 712.38 kB | Adobe PDF | View/Open |
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