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Political Business Cycles in Local Indonesia
Bambang Suharnoko Firmansyah Sjahrir Putra
Krisztina Kis-Katos
Günther G. Schulze
出版
Univ., Department of International Economic Policy
, 2013
URL
http://books.google.com.hk/books?id=Tbq7vQEACAAJ&hl=&source=gbs_api
註釋
We study political business cycles (PBC) in newly democratized and decentralized Indonesia at the local level. As the timing of indirect and later on direct elections of district heads differs exogenously across jurisdictions, the political business cycle effect is clearly identified . Our data allow distinguishing PBCs for indirect and direct elections. We find significant budget cycles for discretionary budget categories at the disposal of the district head (not for the overall budget) only for direct elections, not for indirect elections. These cycles are much larger if the incumbent runs for reelection. Our results underline the conditional nature of PBC. -- Political business cycles ; Indonesia ; local elections ; direct and indirect elections