Fiscal conservatism in a new democracy: "Sophisticated" versus "naive" voters

被引：25

作者：

Arvate, Paulo Roberto ^{[2
]}

Avelino, George ^{[2
]}

Tavares, Jose ^{[1
]}

机构：

[1] Univ Nova Lisboa, Fac Econ, P-1200 Lisbon, Portugal

[2] Getulio Vargas Fdn, Sch Business & Econ, Sao Paulo, Brazil

来源：

ECONOMICS LETTERS | 2009年 / 102卷 / 02期

关键词：

Budget deficits; Elections; Political cycles; Fiscal conservatism;

D O I：

10.1016/j.econlet.2008.11.030

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We use data from gubernatorial elections in Brazil to test the electoral reactions of "sophisticated" and ''naive" voters to fiscal surpluses. Our results complement Brender and Drazen [Brender, Adi, and Drazen, A., (2005b), "How do budget deficits and economic growth affect reelection prospects? Evidence from a large cross-section of countries", NBER Working Paper 11862, National Bureau of Economic Research, Cambridge, Massachusetts]: we find no evidence of fiscal illusion while, in some cases, a fiscal surplus may actually increase the probability of reelection. (c) 2008 Elsevier B.V. All rights reserved.

引用

页码：125 / 127

页数：3

共 9 条

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