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Budgets, expenditure composition and political manipulation

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journal contribution
posted on 14.09.2017 by Vitor Castro, Rodrigo Martins
This paper analyses the presence of political cycles in Portuguese governments’ expenditures using monthly data over the period 1991-2013 for the main categories of government expenditures. The results indicate that Portuguese governments act opportunistically regarding the budget surplus and that they favour capital instead of current spending near to the elections. Moreover, right-wing governments are more prone to reduce expenditures and deficits after the elections than left-wing ones. A deeper disaggregated analysis of the components of government expenditures corroborates these findings while disentangles other relevant patterns of political manipulation in Portugal.

Funding

This work was supported by the Portuguese Foundation for Science and Technology under research grant PEst-C/EGE/UI3182/2011 (partially funded by COMPTE, QREN and FEDER).

History

School

  • Business and Economics

Department

  • Economics

Published in

International Review of Applied Economics

Volume

33

Issue

2

Citation

CASTRO, V. and MARTINS, R., 2017. Budgets, expenditure composition and political manipulation. International Review of Applied Economics, 33 (2), pp.172-187.

Publisher

© Taylor & Francis (Routledge)

Version

AM (Accepted Manuscript)

Publisher statement

This work is made available according to the conditions of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) licence. Full details of this licence are available at: https://creativecommons.org/licenses/by-nc-nd/4.0/

Acceptance date

07/09/2017

Publication date

2017-09-28

Notes

This is an Accepted Manuscript of an article published by Taylor & Francis in International Review of Applied Economics on 28 September 2018, available online: http://www.tandfonline.com/10.1080/02692171.2017.1379474.

ISSN

0269-2171

Language

en

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