Fueling the party machine: Evidence from Greece during Metapolitefsi

Kammas, Pantelis; Poulima, Maria; Sarantides, Vassilis

doi:10.1016/j.eeh.2023.101538

Explorations in Economic History

2023

DOI: 10.1016/j.eeh.2023.101538

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Fueling the party machine: Evidence from Greece during Metapolitefsi

Pantelis Kammas

Maria Poulima

Vassilis Sarantides

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2024

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Cited by 2 publications

References 51 publications

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Investing in the roots of your political ancestors

Kammas,

Poulima,

Sarantides

2024

Int Tax Public Finance

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Using regional data for Greece over the period 1975-1989, we document the disproportionate allocation of public investment funds in favor of prefectures with many core supporters of the incumbent party. Our main evidence comes from an Instrumental Variables (IV) analysis that exploits the discontinuity in the political landscape of Greece after a brief military junta (1967)(1968)(1969)(1970)(1971)(1972)(1973)(1974) to link the parties established after 1974 with their ancestors from the same 'political family' during the pre-dictatorial era. In particular, we show that political ancestors' electoral strength affects the allocation of public investment, the political support between political ancestor and descendant parties is strongly associated and that both push the allocation of public investment in prefectures with many core supporters. We also provide evidence that the appointment of deputy ministers from the loyal prefectures of the incumbent party plays an important role in this relationship.

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Investing in the roots of your political ancestors

Kammas,

Poulima,

Sarantides

2024

Int Tax Public Finance

Self Cite

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Partisan Politics in Greece from 1974 to the Economic Crisis and Beyond

Economides,

Kammas,

Konstantinou

et al. 2024

CESifo Economic Studies

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This paper presents the main features of the Greek political landscape during the period 1974–2008 and examines whether the governing ideology of the country’s main political parties is correlated with specific fiscal and monetary policy patterns. The descriptive analysis reveals two key findings. First, the data indicates ideological differences in fiscal policy during the pre-1993 period, with PASOK governments exhibiting higher public spending and deficits, while the conservative New Democracy (ND) demonstrated greater fiscal restraint. Monetary policy during this period also appears to follow ideological differences. Second, in the post-1993 period, two trends emerged that do not seem to be ideologically driven. From 1994 to 2001, both major political parties in Greece focused on joining the Economic and Monetary Union, aligning their policies with the Maastricht Treaty. This resulted in a decrease in government expenditure and an increase in total revenue, even under the left-wing PASOK government that was in office during that period. However, after Greece joined the eurozone, external constraints such as the Stability and Growth Pact did not effectively enforce fiscal discipline. From 2001 onward, there was an increase in expansionary fiscal policies, even under the right-wing ND government, suggesting that government ideology had minimal influence on fiscal variables during this period. Greece provides an intriguing example of how partisan politics can intersect with international institutional and policy constraints. (JEL codes: H2 and H1)

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Fueling the party machine: Evidence from Greece during Metapolitefsi

Cited by 2 publications

References 51 publications

Investing in the roots of your political ancestors

Investing in the roots of your political ancestors

Partisan Politics in Greece from 1974 to the Economic Crisis and Beyond

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