Expiring budgets and the return of political connections: evidence from Brazil

Treballs Finals del Màster d'Economia, Facultat d'Economia i Empresa, Universitat de Barcelona, Curs: 2020-2021, Tutor: Alexsandros Cavgias

Detalles Bibliográficos
Autor: Mert, Akin
Tipo de recurso: tesis de maestría
Fecha de publicación:2021
País:España
Institución:Universidad de Barcelona
Repositorio:Dipòsit Digital de la UB
OAI Identifier:oai:diposit.ub.edu:2445/180050
Acceso en línea:https://hdl.handle.net/2445/180050
Access Level:acceso abierto
Palabra clave:Despesa pública
Clientelisme
Brasil
Treballs de fi de màster
Expenditures, Public
Patronage, Political
Brazil
Master's theses
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spelling Expiring budgets and the return of political connections: evidence from BrazilMert, AkinDespesa públicaClientelismeBrasilTreballs de fi de màsterExpenditures, PublicPatronage, PoliticalBrazilMaster's thesesTreballs Finals del Màster d'Economia, Facultat d'Economia i Empresa, Universitat de Barcelona, Curs: 2020-2021, Tutor: Alexsandros CavgiasDo fiscal policy regulations affect the degree of political favouritism in the allocation of public resources? To answer this overlooked question, we investigate whether and how the interaction of two customary practices of democracies, namely campaign financing by corporate contributions and the presence of expiring budgets, affect the allocation of procurement contracts across firms in the context of Brazil. Using OLS regressions with fixed effects, we document three complementary findings. First, we document that procurement activity peaks in the last quarter of the fiscal year in Brazil. Second, we find that contributing firms win between 11.6 and 13.4 per cent more procurement tenders than non-contributing ones. Third, our preferred specification shows that the return of campaign contributions increase 2.65 p.p. in the last quarter, which corresponds to 20 per cent of its most pronounced estimate. Our main findings are robust to very stringent fixed-effect specifications that eliminate biases caused by omitted firm-specific trends across years and sector- and town-specific trends across quarters. Our findings reveal a previously unknown link between fiscal policy regulations and political favouritism.Cavgias, Alexsandros2021info:eu-repo/semantics/masterThesisapplication/pdfhttps://hdl.handle.net/2445/180050Màster Oficial - Economiareponame:Dipòsit Digital de la UBinstname:Universidad de BarcelonaIngléscc-by-nc-nd (c)Mert, 2021http://creativecommons.org/licenses/by-nc-nd/3.0/es/info:eu-repo/semantics/openAccessoai:diposit.ub.edu:2445/1800502026-05-27T06:46:51Z
dc.title.none.fl_str_mv Expiring budgets and the return of political connections: evidence from Brazil
title Expiring budgets and the return of political connections: evidence from Brazil
spellingShingle Expiring budgets and the return of political connections: evidence from Brazil
Mert, Akin
Despesa pública
Clientelisme
Brasil
Treballs de fi de màster
Expenditures, Public
Patronage, Political
Brazil
Master's theses
title_short Expiring budgets and the return of political connections: evidence from Brazil
title_full Expiring budgets and the return of political connections: evidence from Brazil
title_fullStr Expiring budgets and the return of political connections: evidence from Brazil
title_full_unstemmed Expiring budgets and the return of political connections: evidence from Brazil
title_sort Expiring budgets and the return of political connections: evidence from Brazil
dc.creator.none.fl_str_mv Mert, Akin
author Mert, Akin
author_facet Mert, Akin
author_role author
dc.contributor.none.fl_str_mv Cavgias, Alexsandros
dc.subject.none.fl_str_mv Despesa pública
Clientelisme
Brasil
Treballs de fi de màster
Expenditures, Public
Patronage, Political
Brazil
Master's theses
topic Despesa pública
Clientelisme
Brasil
Treballs de fi de màster
Expenditures, Public
Patronage, Political
Brazil
Master's theses
description Treballs Finals del Màster d'Economia, Facultat d'Economia i Empresa, Universitat de Barcelona, Curs: 2020-2021, Tutor: Alexsandros Cavgias
publishDate 2021
dc.date.none.fl_str_mv 2021
dc.type.none.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
dc.identifier.none.fl_str_mv https://hdl.handle.net/2445/180050
url https://hdl.handle.net/2445/180050
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.rights.none.fl_str_mv cc-by-nc-nd (c)Mert, 2021
http://creativecommons.org/licenses/by-nc-nd/3.0/es/
info:eu-repo/semantics/openAccess
rights_invalid_str_mv cc-by-nc-nd (c)Mert, 2021
http://creativecommons.org/licenses/by-nc-nd/3.0/es/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv Màster Oficial - Economia
reponame:Dipòsit Digital de la UB
instname:Universidad de Barcelona
instname_str Universidad de Barcelona
reponame_str Dipòsit Digital de la UB
collection Dipòsit Digital de la UB
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,301603

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