Kitsos, Anastasios and Proestakis, Antonios (2018) Local government financing during the electoral business cycle: analysing the role of intergovernmental political alignment on municipality budgets in Greece. Discussion Paper. University of Birmingham, Birmingham, UK.
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Abstract
This paper examines the role of political alignment and the electoral business cycle on municipality revenues in Greece for the period 2003-2010. A panel dataset combining local and national elections with local budgets is used to run a fixed-effects econometric model. The findings suggest that municipalities which are politically aligned to the national government receive more funds in the run-up to elections. This is evidence of electoral considerations in the allocation of resources and calls for policy changes promoting greater fiscal decentralisation to reduce pork-barrelling and rent-seeking, as well as the dependency between the local and national government levels.
| Type of Work: | Monograph (Discussion Paper) |
|---|---|
| School/Faculty: | Colleges (2008 onwards) > College of Social Sciences |
| Number of Pages: | 39 |
| Department: | Business School |
| Date: | 12 September 2018 |
| Series/Collection Name: | Birmingham Business School Discussion Paper Series |
| Subjects: | A General Works > AC Collections. Series. Collected works |
| Copyright Status: | This discussion paper is copyright of the University and the author. In addition, parts of the paper may feature content whose copyright is owned by a third party, but which has been used either by permission or under the Fair Dealing provisions. The intellectual property rights in respect of this work are as defined by the terms of any licence that is attached to the paper. Where no licence is associated with the work, any subsequent use is subject to the terms of The Copyright Designs and Patents Act 1988 (or as modified by any successor legislation). Any reproduction of the whole or part of this paper must be in accordance with the licence or the Act (whichever is applicable) and must be properly acknowledged. For non-commercial research and for private study purposes, copies of the paper may be made/distributed and quotations used with due attribution. Commercial distribution or reproduction in any format is prohibited without the permission of the copyright holders. |
| Copyright Holders: | University of Birmingham |
| ID Code: | 3155 |
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