Santiago Lago-Peñas, Department of Applied Economics. University of Vigo, Ourense, Spain
THE EFFECTS OF GRANTS CUTS ON PUBLIC DEFICIT - DOES INCUMBENT’S IDEOLOGY MATTER? (assigned to theme G)

In this paper causality between taxes and expenditures is reexamined, suggesting that electoral cycle may be a relevant explicative factor. Using a data set from a wide sample of Spanish municipalities, I test if causal relationships between budgetary variables is effectively affected by the electoral cycle.

submitted 2005-06-10 09:40:33.497
final paper

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