Overlapping political budget cycles in the legislative and the executive


Foremny, Dirk ; Freier, Ronny ; Moessinger, Marc-Daniel ; Yeter, Mustafa


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URL: https://ub-madoc.bib.uni-mannheim.de/37393
URN: urn:nbn:de:bsz:180-madoc-373931
Document Type: Working paper
Year of publication: 2014
The title of a journal, publication series: ZEW Discussion Papers
Volume: 14-099
Place of publication: Mannheim
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: H11 , H71 , H72 , H74,
Keywords (English): Election cycles , municipal expenditures , council and mayor elections , instrumental variables approach
Abstract: 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.

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Foremny, Dirk ; Freier, Ronny ; Moessinger, Marc-Daniel ; Yeter, Mustafa (2014) Overlapping political budget cycles in the legislative and the executive. Open Access ZEW Discussion Papers Mannheim 14-099 [Working paper]
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