Voting behavior and budget stability

Vicente, Cristina; Ríos, Ana‐María; Guillamón, María‐Dolores

doi:10.1016/s1138-4891(13)70005-0

Cited by 19 publications

(56 citation statements)

References 30 publications

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“…This result confirms the point made by Brusca et al (2010) and Vicente et al (2013) which showed that the population has a positive effect on total spending, indicating that large local authorities have more spending than smaller ones.…”

Section: Resultssupporting

confidence: 91%

“…In that sense, it is observed that there is an increase in investment spending, reported by the rulers who believe the electorate appreciates and public infrastructure works before the election. This result confirms the work of Drazen and Eslava (2005), Brusca et al (2010) and Vicente et al (2013), which obtained that spending on public works is the preferred and indicated by operators in the government, i.e., the politician in power expands public spending with work and infrastructure to treat, if possible, to retain the power.…”

Section: Resultssupporting

confidence: 90%

“…However, studies Cioffi et al (2012) and Vicente et al (2013) for local governments in Italy and Spain respectively, found that the effect of elections on capital spending has been reduced, decreasing the effect of the CPP in investment spending by the entry of new budgetary rules in Italian municipalities and the new Fiscal Stability Law in Spanish municipalities.…”

Section: Resultsmentioning

confidence: 99%

“…The conclusions regarding the increase in total expenditure and capital expenditure indicate that both are increased in the pre-election year, which suggests an adjustment after them. Vicente et al (2013) considered their work a sample of 132 local authorities in Spain, with more than 50,000 population for the 1995-2009 period. The study analyzed the implementation of the new Law on Budgetary Stability and influence in the CPP.…”

Section: Literature Revisionmentioning

confidence: 99%

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Political Budget Cycle: Mexican Town Halls Case

Vazque

Martı́nez

2016

IJBSR

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In the current economic context, one of the issues of concern is the growth of public spending of municipalities of Mexico and thus increasing public debt. This combines the traditional interest that literature has been devoted to the relationship between economics and politics from the perspective of Political Budget Cycle. The aim of this paper is to analyze the effect of elections in public expenditure management. To this end, a system based on the Generalized Method of Moments (GMM), which uses instrumental variables based on delays and differences of all variables in the model estimator was used. Our findings indicate that there is an expansion of total expenditure, spending on public works and infrastructure and current expenditure contracted work, indicating the preference of politicians for using investment spending to influence voter behavior. The work also notes that citizens value the policies of public expenditure management when making their voting decisions.

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Section: Resultssupporting

confidence: 91%

Section: Resultssupporting

confidence: 90%

Section: Resultsmentioning

confidence: 99%

Section: Literature Revisionmentioning

confidence: 99%

See 2 more Smart Citations

Political Budget Cycle: Mexican Town Halls Case

Vazque

Martı́nez

2016

IJBSR

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“…En lo relativo al contexto local español diferentes investigaciones constatan la repercusión de la Ley reguladora de las Haciendas Locales en el endeudamiento (Cabasés et al, 2007;Vallés, Pascual & Cabasés, 2003) y los efectos de las leyes de estabilidad presupuestaria en la situación financiera (Brusca, Labrador & Montesinos, 2015a;Olmo, 2018;Vicente, Ríos & Guillamón, 2013). Desde otra perspectiva, también se evidencia la importancia que tiene disponer de un mayor control interno en el ayuntamiento para controlar la deuda local (Gras, Hernández & Palacios, 2014).…”

Section: Marco Teóricounclassified

Determinantes del periodo medio de pago municipal y eficacia del principio de sostenibilidad de la deuda comercial

Chica-Olmo

Brusca

2021

RC-SAR

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Las medidas implantadas para mejorar la liquidez de los municipios españoles y el principio de sostenibilidad de la deuda comercial ponen de manifiesto la importancia de controlar la morosidad pública. En este contexto, este trabajo comprueba el efecto de la regla fiscal que controla los plazos de pago y si el entorno político, socioeconómico y presupuestario incide en el periodo de pago de los ayuntamientos españoles. Para ello, se realiza un análisis exploratorio y se aplica la metodología de datos de panel (2009-2015). Los resultados contribuyen a demostrar la eficacia del control del periodo de pago y evidenciar los factores de riesgo en la situación financiera a corto plazo. Determinants of the municipal average payment period and effectiveness of the commercial debt sustainability principle. The policies implemented to improve the liquidity of Spanish municipalities and the introduction of the commercial debt sustainability principle reveal the importance of controlling late payment by public sector. In this context, the purpose of this paper is to analyse the effect of the fiscal rule directed to control the average payment periods of public administrations and whether the political environment, socioeconomic characteristics and financial situation influence on the average payment period of municipalities. In order to achieve this goal, an exploratory analysis is carried oud and panel data methodology (2009-2015) is applied. The paper contributes to provide evidence of the effectiveness of the commercial debt sustainability principle and improves the knowledge for the analysis of short-term financial position.

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The sustainable development goals: How does their implementation affect the financial sustainability of the largest Spanish municipalities

Benito

Guillamón

Ríos

2023

Sustainable Development

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The Sustainable Development Goals (SDGs) present a universal challenge to which all society must be committed. Local governments play a fundamental role as they are closest to citizens, with first-hand knowledge of their needs and as providers of essential services. Municipal governments are involved in many aspects of SDG implementation. Thus, these governments should work towards their implementation, bearing in mind that involvement in these issues may affect municipal finances. This paper analyses the impact of SDG implementation by local governments on financial sustainability. Our results show that municipalities with better SDG compliance have shorter supplier payment periods and smaller surpluses (or higher deficits).However, better implementation does not affect gross savings or municipal debt per capita.

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Voting behavior and budget stability

Cited by 19 publications

References 30 publications

Political Budget Cycle: Mexican Town Halls Case

Political Budget Cycle: Mexican Town Halls Case

Determinantes del periodo medio de pago municipal y eficacia del principio de sostenibilidad de la deuda comercial

The sustainable development goals: How does their implementation affect the financial sustainability of the largest Spanish municipalities

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