What is it about?
This paper attempts to empirically test whether inter-party political differences impact public finances in Portugal differently. Focused on public debt and on government budget deficit, and using data since 1974 for several variables, this paper applies econometric modelling to show that inter-party differences have had, until now, no significant impacts on the public finances’ performance in Portugal.
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Why is it important?
This paper aims at dispelling some myths regarding the ‘value’ of a policy process based on political intrigue, enmity and a discourse of confrontation around differentiated political parties’ merits in modern democracies.
Perspectives
Writing this article was a great pleasure as it was done with a colleague with whom I have had a long standing collaboration. Modern democracies require new approaches to politics and I hope that a better understanding of what motivates political decision can have a real impact on how our societies are organized.
André Corrêa d'Almeida
Columbia University
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This page is a summary of: The Irrelevance of Political Party Differences for Public Finances – Evidence from Public Deficit and Debt in Portugal (1974–2012), European Review, September 2017, Cambridge University Press,
DOI: 10.1017/s1062798717000291.
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