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Political Business Cycles: Evidências Empíricas Para Os Municípios Paulistas (1989 - 2001)

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  • Sergio Naruhiko Sakurai
  • Amaury Patrick Gremaud

Abstract

This paper analyses the fiscal performance of São Paulo state municipalities, between the years of 1989 and 2001, considering the influence of two political factors: the electoral agenda and the different political party ideologies. Based on panel data econometric methods, specific components of the public municipal budget were analyzed: evidences of positive impulses in municipal expenditures were found in the election years of 1992 and 1996 and, for the political parties, we found evidences that: i) higher public investments are undertaken by PFL; ii) PTB, PPB/PDS and PSDB spend more financial resources in payroll expenditures than the other political parties; iii) in current transfers, the lowest resources are spent by PT.

Suggested Citation

  • Sergio Naruhiko Sakurai & Amaury Patrick Gremaud, 2004. "Political Business Cycles: Evidências Empíricas Para Os Municípios Paulistas (1989 - 2001)," Anais do XXXII Encontro Nacional de Economia [Proceedings of the 32nd Brazilian Economics Meeting] 028, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    • Handle: RePEc:anp:en2004:028
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    File URL: http://www.anpec.org.br/encontro2004/artigos/A04A028.pdf
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    References listed on IDEAS

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    1. Kenneth Rogoff & Anne Sibert, 1988. "Elections and Macroeconomic Policy Cycles," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 55(1), pages 1-16.
    2. Alberto Alesina, 1987. "Macroeconomic Policy in a Two-Party System as a Repeated Game," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 102(3), pages 651-678.
    3. William D. Nordhaus, 1975. "The Political Business Cycle," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 42(2), pages 169-190.
    4. Rogoff, Kenneth, 1990. "Equilibrium Political Budget Cycles," American Economic Review, American Economic Association, vol. 80(1), pages 21-36, March.
    5. Rita de Cássia Libanio & Naércio Aquino de Menezes Filho, 2003. "Indicadores Sociais e Desempenho nas Eleições Estaduais," Anais do XXXI Encontro Nacional de Economia [Proceedings of the 31st Brazilian Economics Meeting] f34, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    6. L. Wade, 1988. "Review," Public Choice, Springer, vol. 58(1), pages 99-100, July.
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    Cited by:

    1. Rodrigo Octávio Orair & Raphael Rocha Gouvêa & Ésio Moreira Leal, 2014. "Political Electoral Cycles and Public Investments in Brasil," Discussion Papers 1999a, Instituto de Pesquisa Econômica Aplicada - IPEA.
    2. Gouvêa, Raphael & Girardi, Daniele, 2021. "Partisanship and local fiscal policy: Evidence from Brazilian cities," Journal of Development Economics, Elsevier, vol. 150(C).

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    More about this item

    JEL classification:

    • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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