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Equilibrium Political Budget Cycles [PDF]
American Economic Review, 1987 Prior to elections, governments (at all levels) frequently undertake a consumption binge. Taxes are cut, transfers are raised, and government spending is distorted towards highly visible items. The "political business cycle" (better be thought of as "the political budget cycle") has been intensively examined, at least for the case of national elections.
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Local Public Investment Drivers in Peru
Economía, 2020 Around half of Peru’s public investment is made by local governments. Through the estimation of a dynamic panel data model for 1796 local governments between 2010 and 2018, we find that the most important drivers for local public investment are: (i ...
Alvaro Jimenez +2 more
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POLITICAL DETERMINANTS OF BUDGET DEFICITS: A SURVEY OF LITERATURE
JEJAK: Jurnal Ekonomi dan Kebijakan, 2015 This paper provides a review of recent developments in the theory and evidence of political determinants of budget deficits. Specifically, we discuss five areas, namely; political system, government fragmentation, ideology, budget procedure and political
Alfa Farah
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Elections and Allocation of Public Expenditures [PDF]
مدلسازی اقتصادسنجی, 2014 Â Political processes are of the most efficient methods for individuals to reveal their preferences publicly. Election is one of the most significant political processes. Nowadays, the role of effective factors, particularly governments, on elections is
Seyed Morteza Afghah +2 more
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Dynamics of Political Budget Cycle [PDF]
Italian Economic Journal, 2019 Using the method of optimal control, when an incumbent politician derives utility from voting support and dis-utility from budgetary deficit, the equilibrium time paths of both voting support and budgetary deficit are characterized in a finite time horizon under complete information.
Ganesh Manjhi, Meeta Keswani Mehra
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Political budget cycles and fiscal decentralization [PDF]
, 2006 In this paper, we study a model à la Rogoff (1990) where politicians distort fiscal policy to signal their competency, but where fiscal policy can be centralized\ud or decentralized. Our main focus is on how the equilibrium probability that fiscal policy is distorted in any region (the political budget cycle, PBC) differs across\ud fiscal regimes. With
Paula González +3 more
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Fiscal management and political budget cycles in transition economies: data panel analysis
Serbian Journal of Management, 2020 In this paper, on the basis of relevant statistical tests, the influence of the electoral process on the trajectory of fiscal indicators in the transition countries is analyzed. The aim of the research is to identify the political manipulation of certain
Ljubivoje Radonjić +2 more
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Does politics matter in the conduct of fiscal policy? Political determinants of the fiscal sustainability: Evidence from seven individual Central and Eastern European countries (CEEC) [PDF]
Panoeconomicus, 2007 This paper aims at assessing the fiscal sustainability and its political determinants in seven Central and Eastern European Countries (CEEC), namely Estonia, Latvia, Lithuania, Poland, Slovenia, Slovakia and the Czech Republic.
Redžepagić Srđan, Llorca Matthieu
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Separation of Powers and Political Budget Cycles [PDF]
SSRN Electronic Journal, 2003 Political budget cycles (PBCs) arise when the electorate is imperfectly informed about the incumbent's competence and the incumbent has discretion over the budget. Focusing on the second condition, we study how separation of powers affects PBCs in the composition of government spending.
Jorge M. Streb, Alejandro Saporiti
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Political budget cycles: Evidence from Italian cities [PDF]
Economics & Politics, 2017 AbstractThe introduction of a new real estate taxes in Italy in 2011 provides a natural experiment, which is useful to test for political budget cycles. The new real estate tax allowed discretion to local governments. This generates a random variation in the distance of municipalities from the following elections when they choose the level of the tax ...
Alberto Alesina, Matteo Paradisi
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