Seeking Votes The Political Economy of Expenditures by the Peruvian Social Fund (FONCODES), 1991-95
Seeking Votes: The Political Economy of Expenditures by the Peruvian Social Fund (FONCODES), 1991-95

A revised version was published as The Political Economy of Expenditures by the Peruvian Social Fund (FONCODES), 1991-95. American Political Science Review 94 (2, June): 289-304, 2000. - As the literature on political influences on the allocation of discretionary funds predicts, spending by the Peru...

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Bibliographische Detailangaben
1. Verfasser: Schady, Norbert Rüdiger 1967- (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Washington, D.C The World Bank 1999
Schlagworte:
Allocation
Business Cycles
Business Environment
Business in Development
Competitiveness and Competition Policy
Data On Expenditures
Data Requirements
Debt Markets
Discretionary Funds
Distribution Of Expenditures
E-Government
Econometric Techniques
Expenditures
Finance and Financial Sector Development
Governance
Health Systems Development and Reform
Health, Nutrition and Population
Outcomes
Parliamentary Government
Politicians
Poverty Reduction
Private Sector Development
Public Expenditure
Public Expenditures
Public Sector Development
Public Sector Expenditure Analysis and Management
Social Expenditures
Social Funds
Social Policy
Social Programs
Social Services
Stated Objectives
Structural Adjustment
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Zusammenfassung:A revised version was published as The Political Economy of Expenditures by the Peruvian Social Fund (FONCODES), 1991-95. American Political Science Review 94 (2, June): 289-304, 2000. - As the literature on political influences on the allocation of discretionary funds predicts, spending by the Peruvian Social Fund, FONCODES, increased significantly before elections. FONCODES projects were also directed at provinces where the marginal political impact of expenditures was likely to be greatest. President Alberto Fujimori created the Peruvian Social Fund (FONCODES) in 1991 with the stated objectives of generating employment, helping to alleviate poverty, and improving access to social services. Schady uses province-level data on monthly expenditures, socioeconomic indicators, and electoral outcomes to analyze political influences on the timing and geographic distribution of FONCODES expenditures between 1991 and 1995. He finds that: ° FONCODES expenditures increased significantly before elections. ° FONCODES projects were directed at poor provinces, as well as provinces in which the marginal political impact of expenditures was likely to be greatest. The results are robust to many specifications and controls. The Peruvian data thus support predictions made in the literature on political business cycles as well as the literature on political influences on the allocation of discretionary funds. This paper - a product of the Poverty Division, Poverty Reduction and Economic Management Network - is part of a larger effort in the network to understand the functioning and impact of social funds
Beschreibung:Weitere Ausgabe: Schady, Norbert : Seeking Votes
Beschreibung:1 Online-Ressource (1 online resource (36 p.))
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