Financial Indicators as Determinants of Mayoral Elections. Evidence from Italian Local Governments.https://psaar.net/media/reviews/photos/thumbnail/300x250s/d7/dd/c8/Financial-Determinants-26-1607893112.jpg
Uploaded by Marco Bisogno Uploaded date: December 13, 2020
April 04, 2020
The chapter seeks to contribute to the literature on the determinants of local government election by adopting a different perspective focused on the effects of financial indicators on the elections of mayors. Using the agency and the public choice theory, this study implements a model where specific financial indicators—whose selection takes into account the increased autonomy and responsibility of local politicians—have been included to document their effect on mayoral re-election. Focusing on the Italian context, the chapter examines a sample of 129 municipalities during the period 2008-2014, where several elections were held. By using different estimators, findings indicate that the re-election of mayors is affected by the level of indebtedness and the current equilibrium. In addition, current spending is better valued by citizens/voters than capital expenditure, which increases the probability of being re-elected.
Santis, S., Citro, F., Cuadrado-Ballesteros, B., and Bisogno, M. (2020), Financial Indicators as Determinants of Mayoral Elections. Evidence from Italian Local Governments. In Ana Maria Cunha, Augusta Ferreira, Maria José Fernandes, and Patrícia Gomes Financial Determinants in Local Re-Election Rates: Emerging Research and Opportunities, pp. 27-53 IGI Global.
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