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Debt and political business cycles in portuguese municipalities

by Silva, Carla Alexandra Oliveira da
Published by : ISEG (Lisboa) Physical details: 105 fs. 30 cm Subject(s): Economia local | Finanças locais | Administração local | Ciclos económicos | Tese de mestrado | Portugal Year: 2007 List(s) this item appears in: mms1
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Item type Location Collection Call number Copy Status Date due
Tese Tese Instituto Superior de Economia e Gestão
ISEG (iseg)
HB3711.S55 2007 (Browse shelf) 1 Available
Tese Tese Instituto Superior de Economia e Gestão
ISEG (iseg)
HB3711.S55 2007 (Browse shelf) 2 Sem empréstimo
Tese Tese Reitoria - SDP
Dissertações de mestrado ULisboa TM043 ISEG F9 2007 (Browse shelf) 3 Sem empréstimo

Arcanjo, Maria Manuela - Orientadora. Mestrado em Finanças. Universidade Técnica de Lisboa. Instituto Superior de Economia e Gestão. 2007

The objective of this work is the study of political business cycles (PBC) at local government level through debt based on a set of Portuguese data. Traditionally, political business cycles are observed through budgetary variables, in particular, investment. Expenditure relates with municipal financing mechanisms, one of wich is debt. In order to attempt to discover political 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 1978-2002, covering seven municipal elections in the years 1979, 1982, 1985, 1989, 1993, 1997 and 2001.

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