Behavior of budget expenditures during the election period: an analysis in panel data in the Brazilian municipalities

Objective: From the political budget cycle (PDC) lens, we investigated the behavior of committed expenditures, investment spending and borrowing in the electoral period, in Brazilian municipalities with a population of 50,000 or more, in the period 2000-2016, comprising 353 clusters and 6001 observa...

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Principais autores: Gilberto Crispim, Luiz Alberton, Celma Duque Ferreira, Jorge Expedito de Gusmão Lopes
Formato: Online
Idioma:eng
Publicado em: Portal de Periódicos Eletrônicos da UFRN
Endereço do item:https://periodicos.ufrn.br/ambiente/article/view/21523
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id oai:periodicos.ufrn.br:article-21523
record_format ojs
institution Periódicos UFRN
collection Portal de Pediódicos Eletrônicos da UFRN
language eng
format Online
author Gilberto Crispim
Luiz Alberton
Celma Duque Ferreira
Jorge Expedito de Gusmão Lopes
spellingShingle Gilberto Crispim
Luiz Alberton
Celma Duque Ferreira
Jorge Expedito de Gusmão Lopes
Behavior of budget expenditures during the election period: an analysis in panel data in the Brazilian municipalities
author_facet Gilberto Crispim
Luiz Alberton
Celma Duque Ferreira
Jorge Expedito de Gusmão Lopes
author_sort Gilberto Crispim
title Behavior of budget expenditures during the election period: an analysis in panel data in the Brazilian municipalities
title_short Behavior of budget expenditures during the election period: an analysis in panel data in the Brazilian municipalities
title_full Behavior of budget expenditures during the election period: an analysis in panel data in the Brazilian municipalities
title_fullStr Behavior of budget expenditures during the election period: an analysis in panel data in the Brazilian municipalities
title_full_unstemmed Behavior of budget expenditures during the election period: an analysis in panel data in the Brazilian municipalities
title_sort behavior of budget expenditures during the election period: an analysis in panel data in the brazilian municipalities
description Objective: From the political budget cycle (PDC) lens, we investigated the behavior of committed expenditures, investment spending and borrowing in the electoral period, in Brazilian municipalities with a population of 50,000 or more, in the period 2000-2016, comprising 353 clusters and 6001 observations. It was also investigated whether these municipalities meet the legal requirements on the use of budget resources in an election year. The study was motivated by the lack of consensus in the literature on the subject in question. Methodology: Four research hypotheses were built to assist in achieving the proposed objectives. Data were collected from IBGE, TSE and STN websites. Data were analyzed using the balanced panel data method, grouped by municipality and region, with Tobit regression application and Hausman, Breusch-Pagan Lagrange and F de Chow robustness tests. This method covered confidence with the interval of 99%, 77%, 79% and 84% explaining behavior between the variables. Results: The results show that there were no changes in expenditure committed before, during and after the election period, regardless of party equality and two-round election, unlike the results of some studies. As for spending on investments and borrowing in the election period, the study suggests an average increase of 9% and 68% respectively, and this is more intense when there is party equality between municipal and state governments, especially in the process of reelection. Regarding compliance with legal requirements on the use of budgetary resources in an election year, the study indicates that local governments do not comply with regulatory requirements. Contributions of the study: contributes to the specific literature, because it presents robust results on the lack of consensus on the subject in question, as well as for future research involving municipalities with smaller population and comparison between regions and countries.
publisher Portal de Periódicos Eletrônicos da UFRN
publishDate 2020
url https://periodicos.ufrn.br/ambiente/article/view/21523
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spelling oai:periodicos.ufrn.br:article-215232020-12-17T14:50:34Z Behavior of budget expenditures during the election period: an analysis in panel data in the Brazilian municipalities Comportamiento de los gastos presupuestarios durante el período electoral: un análisis en los datos en panel en los municipios brasileños Comportamento das despesas orçamentárias durante o período eleitoral: uma análise em painel de dados nos municípios brasileiros Gilberto Crispim Luiz Alberton Celma Duque Ferreira Jorge Expedito de Gusmão Lopes Political budget cycle; Tobit regression; Data pane. English ciclo de presupuesto político; Regresión Tobit; Panel de datos. Ciclo orçamentário político; Regressão tobit; Painel de dados.. Objective: From the political budget cycle (PDC) lens, we investigated the behavior of committed expenditures, investment spending and borrowing in the electoral period, in Brazilian municipalities with a population of 50,000 or more, in the period 2000-2016, comprising 353 clusters and 6001 observations. It was also investigated whether these municipalities meet the legal requirements on the use of budget resources in an election year. The study was motivated by the lack of consensus in the literature on the subject in question. Methodology: Four research hypotheses were built to assist in achieving the proposed objectives. Data were collected from IBGE, TSE and STN websites. Data were analyzed using the balanced panel data method, grouped by municipality and region, with Tobit regression application and Hausman, Breusch-Pagan Lagrange and F de Chow robustness tests. This method covered confidence with the interval of 99%, 77%, 79% and 84% explaining behavior between the variables. Results: The results show that there were no changes in expenditure committed before, during and after the election period, regardless of party equality and two-round election, unlike the results of some studies. As for spending on investments and borrowing in the election period, the study suggests an average increase of 9% and 68% respectively, and this is more intense when there is party equality between municipal and state governments, especially in the process of reelection. Regarding compliance with legal requirements on the use of budgetary resources in an election year, the study indicates that local governments do not comply with regulatory requirements. Contributions of the study: contributes to the specific literature, because it presents robust results on the lack of consensus on the subject in question, as well as for future research involving municipalities with smaller population and comparison between regions and countries. Objetivo: Desde la lente del ciclo del presupuesto político, investigamos el comportamiento de los gastos comprometidos, gastos de inversión y préstamos en el período electoral, en municipios brasileños con una población de 50,000 o más, en el período 2000-2016, que comprende 353 grupos y 6001 observaciones. También se investigó si estos municipios cumplen con los requisitos legales sobre el uso de los recursos presupuestarios en el año electoral. El estudio fue motivado por la falta de consenso en la literatura sobre el tema en cuestión. Metodología: se construyeron cuatro hipótesis de investigación para ayudar a lograr los objetivos propuestos. Los datos fueron recolectados de los sitios web de IBGE, STE y STN. Los datos se analizaron utilizando el método de datos de panel equilibrado, agrupados por municipio y región, con la aplicación de regresión tobit y las pruebas de robustez de Hausman, Breusch-Pagan Lagrange y F de Chow. Este método cubrió un intervalo de confianza del 99%, 77%, 79% y 84% explicando el comportamiento entre las variables. Resultados: Los resultados muestran que no hubo cambios en el gasto comprometido antes, durante y después del período electoral, independientemente de la igualdad de partidos y la elección de dos vueltas, a diferencia de los resultados de algunos estudios. En cuanto al gasto en inversiones y préstamos en el período electoral, el estudio sugiere un aumento promedio de 9% y 68% respectivamente, y esto es más intenso cuando existe igualdad de partidos entre los gobiernos municipales y estatales, especialmente en el proceso de reelección. Con respecto al cumplimiento de los requisitos legales sobre el uso de los recursos presupuestarios en un año electoral, el estudio indica que los gobiernos locales no cumplen con los requisitos reglamentarios. Contribuciones del Estudio: contribuye a la literatura específica, ya que presenta resultados sólidos sobre la falta de consenso sobre el tema en cuestión, así como para futuras investigaciones que involucren municipios con una población más pequeña y comparación entre regiones y países.   Objetivo: A partir da lente de ciclo orçamentário político (COP), investigou-se o comportamento das despesas empenhadas, dos gastos com investimentos e captação de empréstimos em período eleitoral, nos municípios brasileiros com população igual ou superior a 50 mil habitantes, no período de 2000-2016, compreendendo 353 clusters e 6001 observações. Investigou-se também se esses municípios cumprem as exigências legais sobre o uso de recursos orçamentários em ano de eleição. O estudo foi motivado pela falta de consenso na literatura sobre o tema em questão. Metodologia: Foram construídas quatro hipóteses de pesquisa para auxiliar na consecução dos objetivos propostos. Os dados foram coletados dos sites do IBGE, STE e STN. Os dados foram analisados por meio do método de dados em painel balanceado, agrupados por municípios e região, com aplicação de regressão tobit e testes de robustez de Hausman, Breusch-Pagan Lagrange e F de Chow. Esse método abrangeu intervalos de confiança em 99%, 77%, 79% e 84% de explicação de comportamento entre as variáveis. Resultado: Os resultados apontam que não houve mudanças das despesas empenhadas antes, durante e após período eleitoral, independente de igualdades partidárias e eleições em dois turnos, diferente do resultado de alguns estudos. Já quanto aos gastos com investimentos e captação de empréstimos em período eleitoral, o estudo sugere aumento médio em 9% e 68% respectivamente, e isso é mais intenso quando há igualdade partidária entre governos municipais e estaduais, principalmente em processo de reeleição. Quanto ao cumprimento das exigências legais sobre uso de recursos orçamentários em ano eleitoral, o estudo indica que os governos locais não cumprem as exigências normativas.  Contribuições do Estudo: contribui para a literatura específica, porque apresenta resultados robustos sobre a falta de consenso existente no tema em questão, com também para futuras pesquisas envolvendo municípios com menor população e comparação entre regiões e países. Portal de Periódicos Eletrônicos da UFRN 2020-07-01 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf https://periodicos.ufrn.br/ambiente/article/view/21523 REVISTA AMBIENTE CONTÁBIL - Universidade Federal do Rio Grande do Norte; Vol. 12 No. 2 (2020): Jul./Dez. REVISTA AMBIENTE CONTÁBIL - Universidade Federal do Rio Grande do Norte; Vol. 12 Núm. 2 (2020): Jul./Dez. REVISTA AMBIENTE CONTÁBIL - Universidade Federal do Rio Grande do Norte - ISSN 2176-9036; v. 12 n. 2 (2020): Jul./Dez. 2176-9036 10.21680/2176-9036.2020v12n2 eng https://periodicos.ufrn.br/ambiente/article/view/21523/12922 Copyright (c) 2020 REVISTA AMBIENTE CONTÁBIL - Universidade Federal do Rio Grande do Norte - ISSN 2176-9036

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