Article Sidebar

PDF (Español (España))
Section
Artículos
Issue
Vol. 8 No. 1 (2020)

Main Article Content

Published:
Jan 2, 2020
Keywords:
Fiscal spending
Opportunistic political cycle
Government alternation

Abstract

This paper, by dummy variables that capture the behavior of the fiscal expenditure before and after of the electoral process, look for evidence to determine if the political authorities  of Chile have used the national budget in order to influence the result of the elections, behavior known as oportunistic political cycle. The result show his presence in the fiscal expenditure, however, this behavior was presented in those periods with a high electoral competition by the political coalitions.

Alejandro Astudillo
Universidad Tecnológica Metropolitana
Pamela Olate
Universidad Tecnológica Metropolitana
How to Cite
, & . (2020). Electoral cycle of the fiscal spending: evidence for a democracy with a low alternation in the power. Revista De Estudios Políticos Y Estratégicos, 8(1), 62–80. Retrieved from https://revistas.utem.cl/index.php/EPE/article/view/20

References

Akhmedov, A. y Zhuravskaya, E. (2004). Opportunistic Political Cycles: Test in a Young Democracy Setting. The Quartely Journal of Economics, 119(4), 1301-1338. DOI: https://doi.org/10.1162/0033553042476206.

Alesina, A. y Roubini, N. (1992). Political cycles in OECD economies. The Review of Economic Studies, 59(4), 663-688. DOI: https://doi.org/10.2307/2297992.

Ames, B. (1987). Political Survival. California, Estados Unidos: University of California Press.

Assael, P. y Larraín, F. (1994). El ciclo político-económico: Teoría, evidencia y extensión para una economía abierta. Cuadernos de Economía, 92, 87-113. Santiago de Chile: Pontificia Universidad Católica de Chile.

Astudillo, A. (2017). Flujos de inversión directa, fortalecimiento democrático y coyuntura política: el caso de Chile. México y la cuenca del pacífico, 20(61), 37-63. México: Universidad de Guadalajara. DOI: https://doi.org/10.32870/mycp.v6i18.555.

Block, S. (2002). Political business cycles, democratization, and economic reform: the case of Africa. Journal of Development Economics, 67(1), 205-228. DOI: https://doi.org/10.1016/S0304-3878(01)00184-5.

Brender, A. (2003). The effect of fiscal performance on local goverment election result in Israel: 1989-1998. Journal of Public Economics, 89(9-10), 2187-2205. DOI: https://doi.org/10.1016/S0047-2727(02)00045-2.

Brusca, I., Labrador, M. y Montesinos, V. (2015). Influencia de las elecciones en la gestión de los gobiernos locales: Análisis empírico en la región española de Valencia. Gestión y política pública, 24(2), 459-489.

Cervantes, M., López, P. y García, P. (2014). Los ciclos políticos en México, 1960-2011. Economía: Teoría y Práctica, 40, 195-235. Ciudad de México: Universidad Autónoma Metropolitana.

Dornbusch, R., Fischer, S. y Startz, R. (2009). Macroeconomía (10ª edición). Distrito Federal, México: McGraw Hill.

Downs, A. (1957). An economic theory of political action in a democracy. Journal of political economy, 65(2), 135-150. Chicago, Estados Unidos: University of Chicago. DOI: https://doi.org/10.1086/257897.

Drazen, A. (2000). The political business cycle after 25 years. NBER macroeconomics annual, 15, 75-117. DOI: https://doi.org/10.1086/654407.

Ergun, M. (2000). Electoral Political-Business Cycles in Emerging Markets: Evidence from Turkey. Russian and East European Finance and Trade, 36(6), 6-32.

Flores, D. (2007). Elecciones y ciclos económicos en México. El Trimestre Económico, 74(2), 467-474. DOI: http://dx.doi.org/10.20430/ete.v74i294.372

Gámez, C. e Ibarra, A. (2009). El ciclo político oportunista y el gasto de los estados mexicanos. Gestión y política pública, 18(1), 39-65.

González, M. (1999). On elections, democracy and macroeconomic policy cycles. Working Paper. Nueva Jersey, Estados Unidos: Department of Economics, Princeton University.

Hibbs, D. (1977). Political parties and macroeconomic policy. American Political Science Review, 71(4), 1467-1487. Cambridge, Reino Unido: Cambridge University. DOI: https://doi.org/10.1017/S0003055400269712.

Khemani, S. (2004). Political Cycles in a Developing Economy: Effects of Elections in the Indian States. Journal of Development Economics, 73(1), 125-154. DOI: https://doi.org/10.1016/j.jdeveco.2003.01.002

Larraín, F. y Assael, P. (1995). Cincuenta años de ciclo político-económico en Chile. Cuadernos de economía, 32(96), 129-150. Santiago de Chile: Pontificia Universidad Católica de Chile.

Larraín, F. y Assael, P. (1997). El ciclo político económico en Chile en el último medio siglo. Estudios Públicos, 68, 197-2014.

Macrae, C. (1977). A political model of the business cycle. Journal of Political Economy, 85(2), 239-263. Chicago, Estados Unidos: University of Chicago. DOI: https://doi.org/10.1086/260561.

Medina, L. (2003). Evidencia de ciclo electoral-presupuestario en las provincias argentinas. Documento de trabajo. Buenos Aires, Argentina: Universidad del Cema.

Nordhaus, W. (1975). The political business cycle. The Review of Economic Studies, 42(2), 169-190. DOI: https://doi.org/10.2307/2296528.

Persson, T. y Tabellini, G. (1999). Political economics and macroeconomic policy. Handbook of Macroeconomics, 1, 1397-1482.

Rogoff, K. (1990). Equilibrium Political Budget Cycles. The American Economic Review, 80(1), 21-36.

Rogoff, K. y Siberyt, A. (1988). Elections and macroeconomic policy cycles. The Review of Economic Studies, 55(1), 1-16. DOI: https://doi.org/10.2307/2297526.

Sach, J. y Larraín, F. (1994). Macroeconomía en la economía global. Distrito Federal, México: Prentice Hall.

Shi, M. y Svensson, J. (2006). Political budget cycles: Do they differ across countries and why? Journal of Public Economics, 90, 1367-1389. DOI: https://doi.org/10.1016/j.jpubeco.2005.09.009.

Schuknecht, L. (1996). Political Business Cycles and Fiscal Policies in Developing Countries. Kyklos, 49(2), 155-170. DOI: https://doi.org/10.1111/j.1467-6435.1996.tb01390.x.

Schultz, K. (1995). The politics of the political business cycle. British Journal of Political Science, 25(1), 79-99. Cambridge, Reino Unido: Cambridge University. DOI: https://doi.org/10.1017/S0007123400007079.

Vaaler, P., Schrage, B. y Block, S. (2006). Elections, Opportunism, Partisanship and Sovereign Rates in Developing Countries. Review of Development Economics, 10(1), 154-170. DOI: https://doi.org/10.1111/j.1467-9361.2005.00307.x.

Yamada, M. y Bender, S. (2010). Ciclos políticos e resultados eleitorais: um estudo sobre o comportamento do eleitor brasileiro. Revista Brasileira de Economía, 64(1), 3-24. DOI: https://doi.org/10.1590/S0034-71402010000100001.

Article Details