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    题名: Party alternation and fiscal performance—evidence from Taiwan’s local government
    作者: 黃智聰
    Huang, Jr-Tsung
    Chang, Ming-Lei
    Lin, Authur Jin
    Chang, Yu-Chien
    贡献者: 財政系
    关键词: Fiscal deficit; party alternation; spatial panel econometric model; Taiwan
    日期: 2023-07
    上传时间: 2022-01-12 11:00:34 (UTC+8)
    摘要: This study aims to explore whether party alternation in local mayoral elections might have any influence on the local fiscal deficit in each of the four years after such elections take place in Taiwan. The results of five local mayoral elections for the 21 counties/cities in 1989, 1993, 1997, 2001 and 2005, respectively, as well as three indicators of the fiscal deficit for the 21 counties and cities from 1990 to 2009 are employed to estimate the spatial econometric model. The primary finding of this study is that after using instrument variable to conquer the endogeneity problem, party alternation making counties to have new mayors of new ruling parties cannot mitigate the fiscal deficit in any years after the election, instead will tend to aggravate the local fiscal deficit in the third and fourth years after the election that is consistent with the theory of political budget cycle.
    關聯: Journal of Asia Pacific Economy, Vol.28, No.3, pp.1007-1028
    数据类型: article
    DOI 連結: https://doi.org/10.1080/13547860.2021.1961667
    DOI: 10.1080/13547860.2021.1961667
    显示于类别:[財政學系] 期刊論文

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