Government weakness and electoral cycles in local public debt: evidence from Flemish municipalities

Arbeitspapier

Empirical research on Political Business (and Budget) Cycles is more supportive for electoral cycles in policies than in macro-economic outcomes. But even pre-electoral policy cycles receive no unanimous confirmation. In the present paper, we give credence to recent arguments that this may be due to the disregard for the political, economic and institutional context in which politicians make policy decisions. Specifically, we argue that the level of political fragmentation of the government affects both the need for and possibility to engage in opportunistic policy cycles. An analysis of local public debt data for 296 Flemish municipalities provides empirical support for this contention.

Objekt anzeigen

• Weitere Titel: Regierungsschwäche und Wahlzyklen in Zeiten kommunaler Verschuldung: das Beispiel flämischer Kommunen
• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: WZB Discussion Paper ; No. SP II 2006-06

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Fiscal Policy ; State and Local Budget and Expenditures ; State and Local Borrowing
• Thema: Political Budget Cycles ; local public debt ; political fragmentation ; elections ; municipalities

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Geys, Benny
• Ereignis: Veröffentlichung
• (wer): Wissenschaftszentrum Berlin für Sozialforschung (WZB)
• (wo): Berlin
• (wann): 2006

Weitere Informationen

• Handle: http://hdl.handle.net/10419/51096