Baptista Ribeiro, Nuno Adriano; Faustino Jorge, Susana … - In: Contemporary Economics 9 (2015) 2, pp. 155-170
their debt level, considering evidence from Portugal for the period 2004 - 2013. A static panel data model is applied …-electoral cycle, allowing the conclusion that, given the evidence from Portuguese municipalities, debt increases in election years … local authorities' debt levels. It is also clear that the financial crisis in the period 2008 - 2010 likewise had a positive …