Solé Ollé, AlbertLlurda Marí, Roger2024-08-012024-08-012024https://hdl.handle.net/2445/214801Treballs Finals del Màster d'Economia, Facultat d'Economia i Empresa, Universitat de Barcelona. Curs: 2023-2024, Tutor: Albert Solé-OlléThis paper investigates the impact of the far-left Spanish party Podemos on municipal governance, focusing on budgetary, economic, and social outcomes. Emerging from the 15-M Movement's protests against corruption and the economic crisis, Podemos disrupted Spain's traditional bipartisan system. Using a Regression Discontinuity Design based on the 5% electoral threshold for municipal representation, this study reveals that Podemos had limited effects on municipal budgets, and on socio-economic indicators. However, Podemos' presence was associated with increased political polarization, evidenced by higher vote shares for far-right parties in subsequent elections. This research enhances understanding of the consequences of political fragmentation on governance and social cohesion in Spain.39 p.application/pdfengcc-by-nc-nd (c) Llurda Marí, 2024http://creativecommons.org/licenses/by-nc-nd/3.0/es/Polarització (Ciències socials)Partits políticsEconomiaTreballs de fi de màsterPolarization (Social sciences)Political partiesEconomicsMaster's thesisinfo:eu-repo/semantics/masterThesisinfo:eu-repo/semantics/openAccess