Project/scholarship details

  • Funder

    FCT - Fundação para a Ciência e a Tecnologia, I.P.

  • Funder's country

    Portugal

  • Funding program

    POCI

  • Funding amount

    36,995.00 €

  • Start date

    2005-08-01

  • End date

    2008-07-31

Documents

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The political economy of intergovernmental grants: evidence from Portugal

Veiga, Linda Gonçalves; Pinho, Maria Manuel

We evaluate the impact of political forces in the allocation of intergovernmental grants in Portugal, as it matured from a young to an established democracy. We use a large and unexplored dataset covering all mainland municipalities from 1979 to 2002. Empirical results show that political variables condition the granting system, and that their importance changed over time. While political manipulation in the di...

Date: 2006   |   Origin: RepositóriUM - Universidade do Minho
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Political business cycles in local employment : evidence from Portugal

Coelho, César; Veiga, Francisco José; Veiga, Linda Gonçalves

Using employment data for Portuguese municipalities, we find strong evidence of political business cycles. Employment increases shortly before elections mainly in municipalities where the mayor’s party has a majority of deputies in the municipal assembly and where she is running for reelection.

Date: 2006   |   Origin: RepositóriUM - Universidade do Minho
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Election results and opportunistic policies : an integrated approach

Aidt, Toke S.; Veiga, Francisco José; Veiga, Linda Gonçalves

The authors acknowledge helpful comments from Eric Dubois, Martin Gassebner, Luís Aguiar-Conraria and participants in a session of the 2007 Silvaplana Workshop on Political Economy.; The literature on political business cycles suggests that politicians systematically manipulate economic and fiscal conditions before elections. The literature on vote and popularity functions suggests that economic conditions syst...

Date: 2007   |   Origin: RepositóriUM - Universidade do Minho
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An integrated view of electoral results and opportunistic policies

Veiga, Francisco José; Aidt, Toke S.; Veiga, Linda Gonçalves

The literature on political business cycles suggests that politicians systematically manipulate economic conditions before elections. The literature on vote and popularity functions suggests that economic conditions systematically affect election outcomes. This paper integrates these two strands of literature. We use Rogoff (1990)’s model of the rational political business cycle to derive the two-way relationship...

Date: 2007   |   Origin: RepositóriUM - Universidade do Minho
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Does opportunism pay off?

Veiga, Linda Gonçalves; Veiga, Francisco José

In Portugal, increases in investment expenditures and changes in the composition of spending favouring highly visible items are associated with higher vote percentages for incumbent mayors seeking re-election. The political payoff to opportunistic spending increased after democracy became well-established in the country.; Fundação para a Ciência e a Tecnologia (FCT) - POCI/EGE/58641/2004; European Regional Deve...

Date: 2007   |   Origin: RepositóriUM - Universidade do Minho
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The impact of local and national economic conditions on legislative election re...

Veiga, Francisco José; Veiga, Linda Gonçalves

Using data for 278 Portuguese mainland municipalities, we estimate the impact of national and local economic conditions on legislative electoral outcomes over the period from the reestablishment of democracy in 1974 to the present. Empirical results indicate that the performance of the national economy is important but that the municipal situation also conditions electoral outcomes.; Fundação para a Ciência e a...

Date: 2010   |   Origin: RepositóriUM - Universidade do Minho
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Election results and opportunistic policies : a new test of the rational politi...

Aidt, Toke S.; Veiga, Francisco José; Veiga, Linda Gonçalves

The literature on the rational PBC suggests that politicians systematically manipulate economic and fiscal conditions before elections to increase their chances of reelection. Most tests of this theory look for evidence of pre-election distortions in fiscal policy. We propose a new test that explores the two-way interaction between the magnitude of the opportunistic distortion and the margin of victory. The tes...

Date: 2011   |   Origin: RepositóriUM - Universidade do Minho
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