Party alternation and fiscal performance—evidence from Taiwan’s local government

IF 1.4 4区经济学 Q3 ECONOMICS

Journal of the Asia Pacific Economy Pub Date : 2023-07-03 DOI:10.1080/13547860.2021.1961667

JR-TSUNG Huang, Ming-Lei Chang, Authur Jin Lin, Yu-Chien Chang

引用次数: 0

Abstract

Abstract 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.

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政党交替与财政绩效——来自台湾地方政府的证据

摘要本研究旨在探讨台湾地方市长选举中的政党交替是否会对地方财政赤字产生影响。采用1989年、1993年、1997年、2001年和2005年21个县/市的5次地方市长选举结果，以及1990年至2009年21个县市的三项财政赤字指标来估计空间计量模型。本研究的主要发现是，在使用工具变量克服内生性问题后，政党交替使各县拥有新执政党的新市长并不能缓解选举后任何一年的财政赤字，反而会在大选后的第三年和第四年加剧地方财政赤字，这与政治预算周期理论是一致的。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of the Asia Pacific Economy ECONOMICS-

CiteScore

3.70

自引率

7.10%

发文量

期刊介绍： Journal of the Asia Pacific Economy (JAPE) is concerned primarily with the developing economies within Pacific Asia and South Asia. It aims to promote greater understanding of the complex factors that have influenced and continue to shape the transformation of the diverse economies in this region. Studies on developed countries will be considered only if they have implications for the developing countries in the region. The journal''s editorial policy is to maintain a sound balance between theoretical and empirical studies. JAPE publishes research papers in economics but also welcomes papers that deal with economic issues using a multi-disciplinary approach. Submissions may range from overviews spanning the region or parts of it, to papers with a detailed focus on particular issues facing individual countries. JAPE has a broad readership, which makes papers concerned with narrow and detailed technical matters inappropriate for inclusion. In addition, papers should not be simply one more application of a formal model or statistical technique used elsewhere. Authors should note that discussion of results must make sense intuitively, and relate to the institutional and historical context of the geographic area analyzed. We particularly ask authors to spell out the practical policy implications of their findings for governments and business. In addition to articles, JAPE publishes short notes, comments and book reviews. From time to time, it also publishes special issues on matters of great importance to economies in the Asia Pacific area.