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

• Type: Article in International Scientific Journal
• Date: 2004

Authors

Baleiras, RN (Author) Other; José Costa (Author) FEP

Journal

Title: European Journal of Political Economy

Vol. 20

Pages: 655-671

ISSN: 0176-2680

Publisher: Elsevier

Indexing

Scopus - 21 Citations

Other information

Authenticus ID: 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.

Language: English

Type (Professor's evaluation): Scientific