Arbeitspapier
Overlapping political budget cycles in the legislative and the executive
We advance the literature on political budget cycles by testing separately for cycles in expenditures for elections in the legislative and the executive. Using municipal data, we can separately identify these cycles and account for general year effects. For the executive branch, we show that it is important whether the incumbent re-runs. To account for the potential endogeneity associated with this decision, we apply a unique instrumental variables approach based on age and pension eligibility rules. We find sizable and significant effects in expenditures before council elections and before joint elections when the incumbent re-runs.
- Sprache
-
Englisch
- Erschienen in
-
Series: ZEW Discussion Papers ; No. 14-099
- Klassifikation
-
Wirtschaft
Structure, Scope, and Performance of Government
State and Local Taxation, Subsidies, and Revenue
State and Local Budget and Expenditures
State and Local Borrowing
- Thema
-
election cycles
municipal expenditures
council and mayor elections
instrumental variables approach
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Foremny, Dirk
Freier, Ronny
Moessinger, Marc-Daniel
Yeter, Mustafa
- Ereignis
-
Veröffentlichung
- (wer)
-
Zentrum für Europäische Wirtschaftsforschung (ZEW)
- (wo)
-
Mannheim
- (wann)
-
2014
- Handle
- URN
-
urn:nbn:de:bsz:180-madoc-373931
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Foremny, Dirk
- Freier, Ronny
- Moessinger, Marc-Daniel
- Yeter, Mustafa
- Zentrum für Europäische Wirtschaftsforschung (ZEW)
Entstanden
- 2014
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