The Irrelevance of Political Parties’ Differences for Public Finances - Evidence from Public Deficit and Debt in Portugal (1974 – 2012) Abstract: This paper attempts to empirically test whether inter-parties’ political differences impact public finances in Portugal differently. Focused on public debt and the government budget deficit, and using data collected since 1974 for several variables, this paper applies econometric modeling to show that inter-parties’ differences have had no significant impact on the performance of public finances in Portugal. We observed that the Portuguese public budget deficit and the Portuguese public debt are mainly influenced by the process of globalization, the profile of the Portuguese Welfare State, and the phases of the economic cycle. In this context, this paper aims to dispel some myths regarding the “value” of a policy process based on political intrigue, enmity, and confrontation around differentiated political parties’ merits in European democracies
No abstract is available for this item.
|Date of creation:|
|Contact details of provider:|| Postal: Núcleo de Investigação em Políticas Económicas, Escola de Economia e Gestão, Universidade do Minho, P-4710-057 Braga, Portugal|
Phone: +351-253604510 ext 5532
Web page: http://www3.eeg.uminho.pt/economia/nipe/versao_inglesa/index_uk.htm
More information through EDIRC
|Order Information:|| Email: |
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Besley, Timothy J. & Persson, Torsten & Sturm, Daniel M, 2005.
"Political Competition and Economic Performance: Theory and Evidence from the United States,"
CEPR Discussion Papers
5138, C.E.P.R. Discussion Papers.
- Timothy Besley & Torsten Persson & Daniel Sturm, 2005. "Political Competition and Economic Performance: Theory and Evidence from the United States," NBER Working Papers 11484, National Bureau of Economic Research, Inc.
- Besley, Timothy & Persson, Torsten & Sturm, Daniel, 2006. "Political Competition and Economic Performance: Theory and Evidence from the United States," Discussion Papers in Economics 769, University of Munich, Department of Economics.
- Besley, Timothy & Persson, Torsten & Sturm, Daniel.M, 2005. "Political competition and economic performance: theory and evidence from the United States," LSE Research Online Documents on Economics 3770, London School of Economics and Political Science, LSE Library.
- Elliott Parker, 2006. "Does the Party in Power Matter for Economic Performance?," Working Papers 06-008, University of Nevada, Reno, Department of Economics;University of Nevada, Reno , Department of Resource Economics.
- Albert Solé-Ollé, 2006. "The effects of party competition on budget outcomes: Empirical evidence from local governments in Spain," Public Choice, Springer, vol. 126(1), pages 145-176, January.
- Albert Solé Ollé, 2005. "The effects of party competition on budget outcomes: Empirical evidence from local governments in Spain," Working Papers 2005/2, Institut d'Economia de Barcelona (IEB).
- Fredrik Carlsen, 1997. "Counterfiscal policies and partisan politics: evidence from industrialized countries," Applied Economics, Taylor & Francis Journals, vol. 29(2), pages 145-151.
- repec:cup:apsrev:v:68:y:1974:i:02:p:682-700_11 is not listed on IDEAS
- Kenneth Rogoff & Anne Sibert, 1988. "Elections and Macroeconomic Policy Cycles," Review of Economic Studies, Oxford University Press, vol. 55(1), pages 1-16.
- Kenneth Rogoff & Anne Sibert, 1986. "Elections and Macroeconomic Policy Cycles," NBER Working Papers 1838, National Bureau of Economic Research, Inc.
- Stock, James H & Watson, Mark W, 1993. "A Simple Estimator of Cointegrating Vectors in Higher Order Integrated Systems," Econometrica, Econometric Society, vol. 61(4), pages 783-820, July.
- James H. Stock & Mark W. Watson, 1991. "A simple estimator of cointegrating vectors in higher order integrated systems," Working Paper Series, Macroeconomic Issues 91-3, Federal Reserve Bank of Chicago.
- M. Hashem Pesaran & Yongcheol Shin & Richard J. Smith, 2001. "Bounds testing approaches to the analysis of level relationships," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 16(3), pages 289-326.
- Meltzer, Allan H & Richard, Scott F, 1981. "A Rational Theory of the Size of Government," Journal of Political Economy, University of Chicago Press, vol. 89(5), pages 914-927, October.
- Frey, Bruno S & Pommerehne, Werner W, 1984. "The Hidden Economy: State and Prospects for Measurement," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 30(1), pages 1-23, March.
- repec:cup:apsrev:v:72:y:1978:i:04:p:1243-1261_15 is not listed on IDEAS
- Stephen Ferris & Marcel Voia, 2008. "What determines the length of a typical Canadian parliamentary government?," Carleton Economic Papers 08-06, Carleton University, Department of Economics, revised Dec 2009.
- William D. Nordhaus, 1975. "The Political Business Cycle," Review of Economic Studies, Oxford University Press, vol. 42(2), pages 169-190.
- Frey, Bruno S & Schneider, Friedrich, 1981. "A Politico-Economic Model of the U.K.: New Estimates and Predictions," Economic Journal, Royal Economic Society, vol. 91(363), pages 737-740, September.
- Hahm, Sung Deuk & Kamlet, Mark S. & Mowery, David C., 1995. "Influences on Deficit Spending in Industrialized Democracies," Journal of Public Policy, Cambridge University Press, vol. 15(02), pages 183-197, May.
- Cowart, Andrew T., 1978. "The Economic Policies of European Governments, Part II: Fiscal Policy," British Journal of Political Science, Cambridge University Press, vol. 8(04), pages 425-439, October.
- Garrett, Geoffrey & Lange, Peter, 1991. "Political responses to interdependence: what's “left” for the left?," International Organization, Cambridge University Press, vol. 45(04), pages 539-564, September.
- Coelho, Cesar & Veiga, Francisco Jose & Veiga, Linda G., 2006. "Political business cycles in local employment: Evidence from Portugal," Economics Letters, Elsevier, vol. 93(1), pages 82-87, October. Full references (including those not matched with items on IDEAS)
When requesting a correction, please mention this item's handle: RePEc:nip:nipewp:11/2015. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Maria João Thompson)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.