Sedmihradská, Lucie; Kubík, Rudolf; Haas, Jakub - In: Prague Economic Papers 2011 (2011) 1, pp. 59-70
The paper examines the political business cycle at the municipal level in the Czech Republic using data for 205 municipalities in the period 2001-2007. We introduce empirical models based on fixed-effects panel data regression testing the capital and current expenditure manipulation prior to...