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GEMF

Grupo de Estudos Monetários e Financeiros

Estudos do GEMF, N.º 23 de 2014

   

Are There Political Cycles Hidden Inside Government Expenditures?

(Publicação em Applied Economics Letters, Forthcoming.)


Vítor Castro
Faculdade de Economia da Universidade de Coimbra e NIPE

Rodrigo Martins
Faculdade de Economia da Universidade de Coimbra e GEMF

Abstract:
This paper examines the presence of political cycles inside the Portuguese governments’ aggregate expenditures by using annual data for 10 expenditure components. The results indicate that the choice of the expenditure components to be increased during election periods by Portuguese governments generally relates to more visible items such as general public services, social protection and health care.


JEL Classification: H72, D72, D78.


Keywords: Political Budget Cycles; Portugal; Elections; Fiscal Policy.

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