POLITICAL BUSINESS CYCLES: EVIDÊNCIAS EMPÍRICAS PARA OS MUNICÍPIOS PAULISTAS (1989 - 2001)

Sergio Naruhiko Sakurai and Amaury Patrick Gremaud

Anais do XXXII Encontro Nacional de Economia [Proceedings of the 32th Brazilian Economics Meeting] from ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics]

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.

JEL-codes: H72 C33 P16 (search for similar items in EconPapers)
Date: 2004
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