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Fiscal Dynamics and Electoral Timing: Evidence of Political Budget Cycles in Colombian Municipalities#

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Public Finance Review

Published online on

Abstract

Public Finance Review, Ahead of Print.
This paper examines political budget cycles in Colombian subnational governments during 1998–2014. Using a balanced panel of 298 municipalities and 31 departments and estimating dynamic panel models through the Generalized Method of Moments (GMM), we find ...