Financial Indicators as Determinants of Mayoral Elections

2020 ◽  
pp. 27-53
Author(s):  
Serena Santis ◽  
Francesca Citro ◽  
Beatriz Cuadrado-Ballesteros ◽  
Marco Bisogno
Keyword(s):  
Local Government ◽  
Public Choice ◽  
Choice Theory ◽  
Capital Expenditure ◽  
Financial Indicators ◽  
Public Choice Theory ◽  
The Public ◽  
Mayoral Elections ◽  
Local Politicians ◽  
Italian Context

The chapter seeks to contribute to the literature on 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.

scholarly journals The impact of interest groups on government size-regional evidence from Turkey

2021 ◽  
Vol 71 (2) ◽  
pp. 151-161
Author(s):  
Ersin Sağdıç ◽  
Öner Gümüş ◽  
Güner Tuncer
Keyword(s):  
Interest Groups ◽  
Public Choice ◽  
Choice Theory ◽  
Government Size ◽  
Public Expenditures ◽  
Public Choice Theory ◽  
The Public ◽  
Pressure Groups ◽  
Negative Effect ◽  
The Government

This study is aimed to investigate the regional pressure groups' effect on the government size in Turkey. According to the public choice theory, elections, political parties, interest and pressure groups, and bureaucracy significantly affect the public production process. Among these actors, pressure and interest groups directly affect variables such as economic growth and public expenditures. In this study, panel data analysis was used to observe the regional effect. The research data set covered 81 provinces of Turkey and the period between 2006 and 2018. According to the results, it was found that interest and pressure groups increase the public expenditures in the less developed regions in Turkey. These results are consistent with the empirical and theoretical studies. For this reason, the study has an important contribution to the literature. This study offers significant conclusions that public economic policies might be under the influence of interest and pressure groups. Even if stated that the results of this study might have many economic, demographic, social, and political reasons regarding Turkey, in the context of public choice theory, it could be seen as a significant indicator of not using public expenditure policies as efficient instruments. This situation shows that public resources are not used efficiently in Turkey and the government has a negative effect on the economy. To eradicate this negative effect, governments coming to power in the future ought to produce economic, political, and social policies in order to decrease the regional differences dramatically in Turkey.

Maturity of Social Institutions and the Questionable Foundations of Public Choice Theory

2011 ◽  
pp. 75-86
Author(s):  
P. Orekhovskiy
Keyword(s):  
Public Choice ◽  
Choice Theory ◽  
International Comparisons ◽  
Correlation Coefficients ◽  
Social Institutions ◽  
Public Choice Theory ◽  
Homo Oeconomicus ◽  
The Public ◽  
Quality Of Institutions

The last decade in Russia has been marked by an expansive growth of interest to measuring the level of institutional maturity and quality. These measurements are carried out through international comparisons, correlation coefficients between the quality of institutions and GDP are calculated. However, these estimations are mostly possible within the framework of assumptions of the public choice theory. The paper attempts to prove that this theory uses the same assumption of homo oeconomicus, as conventional microeconomics. Therefore, the public choice theory has the same shortcomings that may be attributed to the neoclassical paradigm as a whole.

A Public Choice Perspective on the Legalization of Casino Gaming

2016 ◽  
Vol 10 (2) ◽  
pp. 22-45
Author(s):  
Miao He ◽  
Ricardo C. S. Siu
Keyword(s):  
Decision Making ◽  
Public Choice ◽  
Choice Theory ◽  
Economic Benefits ◽  
Decision Making Process ◽  
Public Choice Theory ◽  
Policy Makers ◽  
The Public ◽  
Casino Gaming ◽  
Public Choice Perspective

The public choice theory is applied in this study to explore the effects of the expected economic benefits and cost of voters in the process of casino legalization. It is shown that in contrast to most voting processes, the emotional inclination of voters and the related changes have an explicit role in determining the decision made on a ballot for casino legalization. A model is therefore proposed based on the existing literature (for e.g., Morton, 1991; Olson, 1965; Riker and Ordeshook, 1968) to show the interactions and decision making process of related policy makers, and beneficiary and anti-gaming groups. The arguments are elaborated and verified by using evidence from New Jersey and Taiwan, where state-wide referendums were adopted as part of the legalization process of casino gaming.

scholarly journals Performance drivers in SOES: Botswana power corporation perspective

2016 ◽  
Vol 6 (3) ◽  
pp. 35-46
Author(s):  
Mbako Mbo ◽  
Charles Adjasi
Keyword(s):  
Public Choice ◽  
Business Models ◽  
Choice Theory ◽  
Public Choice Theory ◽  
The Public ◽  
Sustainable Performance ◽  
Societal Benefits ◽  
Performance Trends ◽  
Organizational Theories ◽  
Performance Drivers

This paper investigates performance drivers in a State Owned Enterprise from a perspective of contending organizational theories. It is based on BPC, an SOE that has gone through varied performance trends under different business models over the last 44 years. The study uses both qualitative and quantitative data from the last 15 years and finds that good performance has been supported by notions of the agency, stewardship and resource theories while a blanket pursuit of the stakeholder theory undermined sustainable performance, just as public choice theory implications. Two perspectives emerge: a broadened view of the agency theory reconciling traditional shareholder centric interests with those of the wider society and a residual societal benefits inherent in the public choice theory.

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