Publicação
Debt and political business cycles in portuguese municipalities
| Resumo: | The concept of Politicai Business Cycles considers the relationship between politics and economic policies. International and national empirical works have sought to establish which, if any, of two forms of politicai business cycles exist: opportunistic or partisan. The objective of this work is the study of politicai business cycles (PBC) at local government levei through debt based on a set of Poríuguese data. Traditionally, politicai business cycles are observed through budgetary variables, in particular, investment. Expenditure relates with municipal financing mechanisms, one of which is debt. In order to attempt to discover politicai business cycles in the behaviour of debt, we have built an econometric generic model, supported by a set of variables that has been used in recent studies to capture opportunistic cycles. This model was applied to data for the period 1978-2002, covering seven municipal elections in the years 1979, 1982, 1985, 1989, 1993, 1997 and 2001. An ideological variable was included to study its interaction with the dependent variable on a set of fifteen individual municipalities where partisan cycles were analysed. The model was estimated through OLS linear regressions for a set of data which included three leveis: i) the municipalities of Continental Portugal; ii) the Lisbon district, which is composed of 15 municipalities; and iii) those fifteen individual municipalities. We conclude, on the basis of our results, that opportunistic cycles occur in the first two of the three above-mentioned leveis. |
|---|---|
| Autores principais: | Silva, Carla Alexandra Oliveira da |
| Assunto: | Politicai Business Cycles Local Government Portugal Debt |
| Ano: | 2007 |
| País: | Portugal |
| Tipo de documento: | dissertação de mestrado |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | Universidade de Lisboa |
| Idioma: | português |
| Origem: | Repositório da Universidade de Lisboa |
| _version_ | 1866811501885521920 |
|---|---|
| author | Silva, Carla Alexandra Oliveira da |
| author_facet | Silva, Carla Alexandra Oliveira da |
| author_role | author |
| contributor_name_str_mv | Couto, Eduardo Barbosa Repositório Científico de Acesso Aberto da ULisboa |
| country_str | PT |
| creators_json_txt | [{\"Person.name\":\"Silva, Carla Alexandra Oliveira da\"}] |
| datacite.contributors.contributor.contributorName.fl_str_mv | Couto, Eduardo Barbosa Repositório Científico de Acesso Aberto da ULisboa |
| datacite.creators.creator.creatorName.fl_str_mv | Silva, Carla Alexandra Oliveira da |
| datacite.date.Accepted.fl_str_mv | 2007-06-01T00:00:00Z |
| datacite.date.available.fl_str_mv | 2021-10-12T11:05:21Z |
| datacite.date.embargoed.fl_str_mv | 2021-10-12T11:05:21Z |
| datacite.rights.fl_str_mv | http://purl.org/coar/access_right/c_abf2 |
| datacite.subjects.subject.fl_str_mv | Politicai Business Cycles Local Government Portugal Debt |
| datacite.titles.title.fl_str_mv | Debt and political business cycles in portuguese municipalities |
| dc.contributor.none.fl_str_mv | Couto, Eduardo Barbosa Repositório Científico de Acesso Aberto da ULisboa |
| dc.creator.none.fl_str_mv | Silva, Carla Alexandra Oliveira da |
| dc.date.Accepted.fl_str_mv | 2007-06-01T00:00:00Z |
| dc.date.available.fl_str_mv | 2021-10-12T11:05:21Z |
| dc.date.embargoed.fl_str_mv | 2021-10-12T11:05:21Z |
| dc.format.none.fl_str_mv | application/pdf |
| dc.identifier.none.fl_str_mv | http://hdl.handle.net/10400.5/22207 |
| dc.language.none.fl_str_mv | por |
| dc.publisher.none.fl_str_mv | Instituto Superior de Economia e Gestão |
| dc.rights.none.fl_str_mv | http://purl.org/coar/access_right/c_abf2 |
| dc.subject.none.fl_str_mv | Politicai Business Cycles Local Government Portugal Debt |
| dc.title.fl_str_mv | Debt and political business cycles in portuguese municipalities |
| dc.type.none.fl_str_mv | http://purl.org/coar/resource_type/c_bdcc |
| description | The concept of Politicai Business Cycles considers the relationship between politics and economic policies. International and national empirical works have sought to establish which, if any, of two forms of politicai business cycles exist: opportunistic or partisan. The objective of this work is the study of politicai business cycles (PBC) at local government levei through debt based on a set of Poríuguese data. Traditionally, politicai business cycles are observed through budgetary variables, in particular, investment. Expenditure relates with municipal financing mechanisms, one of which is debt. In order to attempt to discover politicai business cycles in the behaviour of debt, we have built an econometric generic model, supported by a set of variables that has been used in recent studies to capture opportunistic cycles. This model was applied to data for the period 1978-2002, covering seven municipal elections in the years 1979, 1982, 1985, 1989, 1993, 1997 and 2001. An ideological variable was included to study its interaction with the dependent variable on a set of fifteen individual municipalities where partisan cycles were analysed. The model was estimated through OLS linear regressions for a set of data which included three leveis: i) the municipalities of Continental Portugal; ii) the Lisbon district, which is composed of 15 municipalities; and iii) those fifteen individual municipalities. We conclude, on the basis of our results, that opportunistic cycles occur in the first two of the three above-mentioned leveis. |
| dirty | 0 |
| eu_rights_str_mv | openAccess |
| format | masterThesis |
| fulltext.url.fl_str_mv | https://repositorio.ulisboa.pt/bitstreams/2b775923-3f85-4473-8e91-6d173ae9c313/download |
| id | ul_5d5559cd95dc30b9248520fd8ea206d1 |
| identifier.url.fl_str_mv | http://hdl.handle.net/10400.5/22207 |
| instacron_str | ul |
| institution | Universidade de Lisboa |
| instname_str | Universidade de Lisboa |
| language | por |
| network_acronym_str | ul |
| network_name_str | Repositório da Universidade de Lisboa |
| oai_identifier_str | oai:repositorio.ulisboa.pt:10400.5/22207 |
| organization_str_mv | urn:organizationAcronym:ul |
| person_str_mv | Silva, Carla Alexandra Oliveira da |
| publishDate | 2007 |
| publisher.none.fl_str_mv | Instituto Superior de Economia e Gestão |
| reponame_str | Repositório da Universidade de Lisboa |
| repository_id_str | urn:repositoryAcronym:ul |
| service_str_mv | urn:repositoryAcronym:ul |
| spelling | porInstituto Superior de Economia e Gestãopt_PTThe concept of Politicai Business Cycles considers the relationship between politics and economic policies. International and national empirical works have sought to establish which, if any, of two forms of politicai business cycles exist: opportunistic or partisan. The objective of this work is the study of politicai business cycles (PBC) at local government levei through debt based on a set of Poríuguese data. Traditionally, politicai business cycles are observed through budgetary variables, in particular, investment. Expenditure relates with municipal financing mechanisms, one of which is debt. In order to attempt to discover politicai business cycles in the behaviour of debt, we have built an econometric generic model, supported by a set of variables that has been used in recent studies to capture opportunistic cycles. This model was applied to data for the period 1978-2002, covering seven municipal elections in the years 1979, 1982, 1985, 1989, 1993, 1997 and 2001. An ideological variable was included to study its interaction with the dependent variable on a set of fifteen individual municipalities where partisan cycles were analysed. The model was estimated through OLS linear regressions for a set of data which included three leveis: i) the municipalities of Continental Portugal; ii) the Lisbon district, which is composed of 15 municipalities; and iii) those fifteen individual municipalities. We conclude, on the basis of our results, that opportunistic cycles occur in the first two of the three above-mentioned leveis.application/pdfpt_PTDebt and political business cycles in portuguese municipalitiesSilva, Carla Alexandra Oliveira daCouto, Eduardo BarbosaHostingInstitutionOrganizationalRepositório Científico de Acesso Aberto da ULisboae-mailmailto:repositorio@reitoria.ulisboa.ptrepositorio@reitoria.ulisboa.pt2021-10-12T11:05:21Z2007-062007-06-01T00:00:00ZHandlehttp://hdl.handle.net/10400.5/22207http://purl.org/coar/access_right/c_abf2open accessPoliticai Business CyclesLocal GovernmentPortugalDebt2714324 bytesliteraturehttp://purl.org/coar/resource_type/c_bdccmaster thesishttp://purl.org/coar/access_right/c_abf2application/pdffulltexthttps://repositorio.ulisboa.pt/bitstreams/2b775923-3f85-4473-8e91-6d173ae9c313/download |
| spellingShingle | Debt and political business cycles in portuguese municipalities Silva, Carla Alexandra Oliveira da Politicai Business Cycles Local Government Portugal Debt |
| status | SINGLETON |
| subject.fl_str_mv | Politicai Business Cycles Local Government Portugal Debt |
| title | Debt and political business cycles in portuguese municipalities |
| title_full | Debt and political business cycles in portuguese municipalities |
| title_fullStr | Debt and political business cycles in portuguese municipalities |
| title_full_unstemmed | Debt and political business cycles in portuguese municipalities |
| title_short | Debt and political business cycles in portuguese municipalities |
| title_sort | Debt and political business cycles in portuguese municipalities |
| topic | Politicai Business Cycles Local Government Portugal Debt |
| topic_facet | Politicai Business Cycles Local Government Portugal Debt |
| url | http://hdl.handle.net/10400.5/22207 |
| visible | 1 |