To be or not to be in office again: An empirical test of a local political business cycle rationale

• Tipo: Artigo em Revista Científica Internacional
• Data: 2004

Autores

Baleiras, RN (Autor) Outra; José Costa (Autor) FEP

Revista

Título: European Journal of Political Economy

Vol. 20

Páginas: 655-671

ISSN: 0176-2680

Editora: Elsevier

Indexação

Scopus - 21 Citações

Outras Informações

ID Authenticus: P-007-M2X

DOI: 10.1016/j.ejpoleco.2003.07.002

Abstract (EN): Empirical support is provided for our explanation for political business cycles (PBC) at the local government level. The rationale uses an ultrarational set-up to explore the incumbent leader's concern with his or her utility in cases of victory and defeat. The model is tested on Portuguese municipal data. The evidence reveals the role played by politico-economic determinants of local governments' investment outlays, such as electoral calendar, re-candidacy decisions, political cohesion and intergovernmental capital transfers.

Idioma: Inglês

Tipo (Avaliação Docente): Científica