Influencia de las elecciones en la gestión de los gobiernos locales: análisis empírico en la región española de Valencia

This paper studies the influence of elections on local government management from the perspective of political budget cycles. The objective is to analyse whether there is budgetary manipulation with the aim of influencing voters' electoral decisions and which budgetary expenses are chosen to carry out this manipulation. We also study the effect of these policies of manipulation on the debt of administrations. The results show evidence of politi cal bud- get cycles in Valencia's local governments although their influence is not very great.