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Atsuyoshi, Morozumi ; Linda, Veiga ; Atsuyoshi, Morozumi ; Francisco, Veiga. (2014) Electoral effects on the composition of public spending and revenue: evidence from a large panel of countries.
In: NIPE Working Papers. RePEc:nip:nipewp:23/2014.
Full description at Econpapers
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Notes for the System-GMM estimations: - System-GMM estimations for dynamic panel-data models; - Log(GDPpc 2005), Trade (%GDP) and Output gap were treated as endogenous. Their lagged values two and three periods were used as instruments in the first-difference equations and their once lagged firstdifferences were used in the levels equation. The option collapse of the command xtabond2 for Stata was used in order to avoid a very high number of instruments; - Two-step results using robust standard errors corrected for finite samples.
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