Encontrados 40 documentos, a visualizar página 1 de 4
Voting functions in the EU-15
Veiga, Linda GonçalvesThis paper examines if the European integration process, by transferring policy instruments to supra-national authorities, has affected voters’ evaluations of governments’ economic performance at electoral periods. The analysis is implemented on a panel of 15 EU countries, from 1970 to 2011. Results suggest that before the Maastricht Treaty, citizens held incumbents responsible for GDP growth, and for the evolu...
Strategic interaction in local fiscal policy : evidence from Portuguese Municip...
Silva, Hélia; Veiga, Linda Gonçalves; Portela, MiguelThis paper aims at testing the degree of interaction between Portuguese municipalities’ expenditure levels by estimating a dynamic panel model, based on jurisdictional reaction functions. The analysis is performed for all 278 Portuguese mainland municipalities from 1986 to 2006, using alternative ways to measure neighbourhood. Results indicate that local governments’ spending decisions are significantly influen...
Economic determinants of citizens’ support for the European Union
Nogueira, Carlos Gama; Veiga, Linda GonçalvesWe investigate the determinants of public support for EU membership using a panel of fifteen countries over the 1974 - 2008 period. The results indicate that increases in inflation and unemployment rate generate a decrease in support for EU membership, while growth of GDP growth increases support. There is evidence of erosion in citizens’ support as time in the Union accumulates and when the country is under th...
Elections, fiscal policy and fiscal illusion
Mourão, Paulo; Veiga, Linda GonçalvesThis paper tests the joint hypotheses that policymakers engage in fiscal policy opportunism and that voters respond by rewarding that opportunism with higher vote margins. Furthermore, it investigates the impact of fiscal illusion on the previous two dimensions. Empirical results, obtained with a sample of 68 countries from 1960 to 2006, reveal that opportunistic measures of expenditures and revenues generate l...
Determinants of the assignment of E.U. funds to portuguese municipalities
Veiga, Linda GonçalvesThe paper examines the determinants of the assignment of EU funds to Portuguese municipalities using a large and unexplored dataset covering all (278) mainland municipalities over fifteen years. Empirical results reveal that besides normative objectives, the national government also takes into account political motivations in the distribution of funds to municipalities. Grants increase during local election yea...
Intergovernmental fiscal transfers as pork barrel
Veiga, Linda Gonçalves; Veiga, Francisco JoséThis paper simultaneously analyses the determinants of intergovernmental fiscal transfers and the votes that these transfers earn in subsequent legislative elections in Portugal. Results suggest that election year increases in transfers by the central government to municipalities secure added votes, and that these transfers are targeted at jurisdictions where the government faces risk of losing support.
An integrated view of electoral results and opportunistic policies
Veiga, Francisco José; Aidt, Toke S.; Veiga, Linda GonçalvesThe 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...
The political economy of intergovernmental grants : evidence from a maturing de...
Veiga, Linda Gonçalves; Pinho, Maria ManuelProva tipográfica (In Press) ; 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. Using a large and unexplored dataset we show that political variables condition the granting system, and that their importance changed over time. While tactical manipulation in the distribution of grants among municipalities...
Does opportunism pay off?
Veiga, Linda Gonçalves; Veiga, Francisco JoséIn 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.
Political business cycles at the municipal level
Veiga, Linda Gonçalves; Veiga, Francisco JoséThe present article tests predictions of rational political business cycle models using a large and previously unexplored data set of Portuguese municipalities. This data allows for a clean test of these predictions due to the high level of detail on expenditure items, an exogenous fixed election schedule, and homogeneity of Portuguese local governments with respect to policy instruments and institutions. Esti...
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