Advanced search
1 file | 400.71 KB Add to list

Strategic use of debt in Flemish municipalities

Stijn Goeminne (UGent) and Carine Smolders (UGent)
Author
Organization
Abstract
This paper discusses the literature on strategic use of debt models and empirically tests the seminal models of Persson & Svensson (1989) and Alesina & Tabellini (1990) on a dataset of Flemish municipalities. The literature on strategic use of debt originates from the question whether incumbent policy makers increase debt if they expect an electoral defeat. We introduce a vote function to estimate the probability of electoral defeat and present evidence of strategic debt in line with Persson & Svensson (1989), but only for leftist governments expecting to be replaced.
Keywords
expectation of electoral defeat, strategic debt models, probability of electoral defeat, Flemish municipalities, vote function, LOCAL PUBLIC DEBT, GOVERNMENT WEAKNESS, BUDGET DEFICITS, FISCAL-POLICY, INCONSISTENCY, POPULARITY, ELECTIONS, BEHAVIOR, TAXATION, PARTIES

Downloads

  • (...).pdf
    • full text
    • |
    • UGent only
    • |
    • PDF
    • |
    • 400.71 KB

Citation

Please use this url to cite or link to this publication:

MLA
Goeminne, Stijn, and Carine Smolders. “Strategic Use of Debt in Flemish Municipalities.” B.E. Journal Of Economic Analysis & Policy 10.1 (2010): n. pag. Print.
APA
Goeminne, S., & Smolders, C. (2010). Strategic use of debt in Flemish municipalities. B.E. Journal Of Economic Analysis & Policy, 10(1).
Chicago author-date
Goeminne, Stijn, and Carine Smolders. 2010. “Strategic Use of Debt in Flemish Municipalities.” B.E. Journal Of Economic Analysis & Policy 10 (1).
Chicago author-date (all authors)
Goeminne, Stijn, and Carine Smolders. 2010. “Strategic Use of Debt in Flemish Municipalities.” B.E. Journal Of Economic Analysis & Policy 10 (1).
Vancouver
1.
Goeminne S, Smolders C. Strategic use of debt in Flemish municipalities. B.E. Journal Of Economic Analysis & Policy. Berkeley, CA: The Berkeley Electronic Press; 2010;10(1).
IEEE
[1]
S. Goeminne and C. Smolders, “Strategic use of debt in Flemish municipalities,” B.E. Journal Of Economic Analysis & Policy, vol. 10, no. 1, 2010.
@article{781049,
  abstract     = {This paper discusses the literature on strategic use of debt models and empirically tests the seminal models of Persson & Svensson (1989) and Alesina & Tabellini (1990) on a dataset of Flemish municipalities. The literature on strategic use of debt originates from the question whether incumbent policy makers increase debt if they expect an electoral defeat. We introduce a vote function to estimate the probability of electoral defeat and present evidence of strategic debt in line with Persson & Svensson (1989), but only for leftist governments expecting to be replaced.},
  articleno    = {58},
  author       = {Goeminne, Stijn and Smolders, Carine},
  issn         = {1935-1682},
  journal      = {B.E. Journal Of Economic Analysis & Policy},
  keywords     = {expectation of electoral defeat,strategic debt models,probability of electoral defeat,Flemish municipalities,vote function,LOCAL PUBLIC DEBT,GOVERNMENT WEAKNESS,BUDGET DEFICITS,FISCAL-POLICY,INCONSISTENCY,POPULARITY,ELECTIONS,BEHAVIOR,TAXATION,PARTIES},
  language     = {eng},
  number       = {1},
  pages        = {29},
  publisher    = {The Berkeley Electronic Press},
  title        = {Strategic use of debt in Flemish municipalities},
  volume       = {10},
  year         = {2010},
}

Web of Science
Times cited: