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Political Business Cycles: Evidências Empíricas Para Os Municípios Paulistas (1989 - 2001)

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Sergio Naruhiko Sakurai
Amaury Patrick Gremaud
Abstract

This paper analyses the fiscal performance of São Paulo state municipalities, between the years of 1989 and 2001, considering the influence of two political factors: the electoral agenda and the different political party ideologies. Based on panel data econometric methods, specific components of the public municipal budget were analyzed: evidences of positive impulses in municipal expenditures were found in the election years of 1992 and 1996 and, for the political parties, we found evidences that: i) higher public investments are undertaken by PFL; ii) PTB, PPB/PDS and PSDB spend more financial resources in payroll expenditures than the other political parties; iii) in current transfers, the lowest resources are spent by PT.

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Paper provided by ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics] in its series Anais do XXXII Encontro Nacional de Economia [Proceedings of the 32th Brazilian Economics Meeting] with number 028.

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Date of creation: 2004
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Handle: RePEc:anp:en2004:028

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Find related papers by JEL classification:
H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures
C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data
P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism

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  1. Rogoff, Kenneth & Sibert, Anne, 1988. "Elections and Macroeconomic Policy Cycles," Review of Economic Studies, Blackwell Publishing, vol. 55(1), pages 1-16, January. [Downloadable!] (restricted)
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  2. Kenneth Rogoff, 1990. "Equilibrium Political Budget Cycles," NBER Working Papers 2428, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  3. Alesina, Alberto, 1987. "Macroeconomic Policy in a Two-Party System as a Repeated Game," The Quarterly Journal of Economics, MIT Press, vol. 102(3), pages 651-78, August. [Downloadable!] (restricted)
  4. Rita de Cássia Libanio & Naércio Aquino de Menezes Filho, 2003. "Indicadores Sociais e Desempenho nas Eleições Estaduais," Anais do XXXI Encontro Nacional de Economia [Proceedings of the 31th Brazilian Economics Meeting] f34, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics]. [Downloadable!]
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This page was last updated on 2009-12-13.


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