Klein, Fabio Alvim; Sakurai, Sergio Naruhiko - In: European Journal of Political Economy 37 (2015) C, pp. 21-36
The existing empirical literature on political budget cycles (PBCs) has generally ignored the effects of term limitations on fiscal opportunism. In this paper, we explore the different electoral incentives faced by first term mayors who are eligible for reelection and second term mayors who are...