Political Business Cycles: Evidências Empíricas Para Os Municípios Paulistas (1989 - 2001)
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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- 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].
- L. Wade, 1988. "Review," Public Choice, Springer, vol. 58(1), pages 99-100, July.
- Rogoff, Kenneth & Sibert, Anne, 1988.
"Elections and Macroeconomic Policy Cycles,"
Review of Economic Studies,
Wiley Blackwell, vol. 55(1), pages 1-16, January.
- 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.
- Kenneth Rogoff, 1987.
"Equilibrium Political Budget Cycles,"
NBER Working Papers
2428, National Bureau of Economic Research, Inc.
- Alesina, Alberto, 1987. "Macroeconomic Policy in a Two-party System as a Repeated Game," Scholarly Articles 4552531, Harvard University Department of Economics.
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