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This paper analyzes local political cycle in Czech municipalities over the period between 1997 and 2013. We apply the system GMM and the difference GMM estimators to identify distortion in current and capital expenditures per capita in electoral and pre-electoral years, while focusing on various...
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elections is 28.5% higher thanin the election year and this increase is mainly financed with new debt and sales of publicassets …
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The paper offers an analysis of the issues related to the election dates synchronisation between two countries. The … small economy, has incentives, or not, to synchronise the domestic election dates with the election dates (not necessarily … is to re-analyse the situation being studied by considering that the foreign government also determines its election …
Persistent link: https://www.econbiz.de/10011502964
increase in the growth rate of M1 during election months of about one tenth of a standard deviation. A similar effect can … neither be detected in established OECD democracies nor in the months leading up to the election. The effect is larger in … election month monetary expansion is demand driven and can be best explained by systemic vote buying. Systemic vote buying …
Persistent link: https://www.econbiz.de/10010491768
The political business cycle theories describe that election-motivated politicians manipulate economic policy …-making. Election cycles occur in many fiscal variables, for example tax rates. I examine whether electoral motives influence communal … municipalities from seven states over the period 1992-2006. The results show that municipalities increase communal fees in election …
Persistent link: https://www.econbiz.de/10011980328
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To understand how intergovernmental relations affect political budget cycles (PBCs) within federal countries, we model the credibility problems of discretionary fiscal policy in combination with a national incumbent that favors aligned districts. Analyzing Argentina's provinces during the...
Persistent link: https://www.econbiz.de/10011568866