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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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(1975 - 2009). We find an increase in the growth rate of M1 during election months of about one tenth of a standard … is related to systemic vote buying which requires significant amounts of cash at election times. The finely timed …
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cycle manifests itself in election year tax cuts and savings on administration costs. Universal suffrage, where all adult … budget cycle manifests itself in election year hikes in capital spending and a reduction in current spending. …
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In Romania, the 2008 local elections were held based on a new electoral law. The main changes concerned the election of …
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