Descriptive statistics
| Variables | No. obs | Mean | Max | Min | Std. dev |
|---|---|---|---|---|---|
| Continuous | |||||
| Capital expenditure deviation (CAPDEV) | |||||
| 1,190 | −0.310 | 4.900 | −0.991 | 0.450 |
| 1,190 | 0.425 | 4.900 | 0.000 | 0.343 |
| Number of inhabitants (POP) | 1,190 | 29,281 | 219,914 | 2,516 | 31,344 |
| Tax base (TAXBASE) | 1,190 | 94.0 | 178.3 | 72.3 | 12.0 |
| Tax rate (TAXRATE) | 1,190 | 21.5 | 24.0 | 17.4 | 1.2 |
| Fee level (FEELEVEL) | 1,190 | 63.6 | 133.0 | 24.5 | 16.9 |
| Solidity (SOL) | 1,190 | 35.7 | 85.6 | −1.1 | 12.0 |
| Liquidity (LIQ) | 1,190 | 104.6 | 556.6 | 22.1 | 55.4 |
| Yes | No | ||||
| Categorical | No. obs | No. obs | % | No. obs | % |
| Positive capital expenditure deviation (POSCAPDEV) | 1,190 | 161 | 0.14 | 1,029 | 0.86 |
| The year before election (PREELEC) | 1,190 | 476 | 0.40 | 714 | 0.60 |
| The election year (ELEC) | 1,190 | 238 | 0.20 | 952 | 0.80 |
| The year after election (POSTELEC) | 1,190 | 238 | 0.20 | 952 | 0.80 |
| Right-wing (RIGHT) | 1,190 | 408 | 0.34 | 782 | 0.66 |
| Left-wing (LEFT) | 1,190 | 408 | 0.34 | 782 | 0.66 |
| Coalition (COAL) | 1,190 | 374 | 0.32 | 816 | 0.68 |
| Minority (MINOR) | 1,190 | 332 | 0.28 | 858 | 0.72 |
| Municipal corporation (CORP) | 1,190 | 315 | 0.26 | 875 | 0.74 |
| Municipal cooperation (COOP) | 1,190 | 305 | 0.26 | 885 | 0.74 |
| Variables | No. obs | Mean | Max | Min | Std. dev |
|---|---|---|---|---|---|
| Continuous | |||||
Real values | 1,190 | −0.310 | 4.900 | −0.991 | 0.450 |
Absolute values | 1,190 | 0.425 | 4.900 | 0.000 | 0.343 |
| Number of inhabitants (POP) | 1,190 | 29,281 | 219,914 | 2,516 | 31,344 |
| Tax base (TAXBASE) | 1,190 | 94.0 | 178.3 | 72.3 | 12.0 |
| Tax rate (TAXRATE) | 1,190 | 21.5 | 24.0 | 17.4 | 1.2 |
| Fee level (FEELEVEL) | 1,190 | 63.6 | 133.0 | 24.5 | 16.9 |
| Solidity (SOL) | 1,190 | 35.7 | 85.6 | −1.1 | 12.0 |
| Liquidity (LIQ) | 1,190 | 104.6 | 556.6 | 22.1 | 55.4 |
| Yes | No | ||||
| No. obs | No. obs | % | No. obs | % | |
| Positive capital expenditure deviation (POSCAPDEV) | 1,190 | 161 | 0.14 | 1,029 | 0.86 |
| The year before election (PREELEC) | 1,190 | 476 | 0.40 | 714 | 0.60 |
| The election year (ELEC) | 1,190 | 238 | 0.20 | 952 | 0.80 |
| The year after election (POSTELEC) | 1,190 | 238 | 0.20 | 952 | 0.80 |
| Right-wing (RIGHT) | 1,190 | 408 | 0.34 | 782 | 0.66 |
| Left-wing (LEFT) | 1,190 | 408 | 0.34 | 782 | 0.66 |
| Coalition (COAL) | 1,190 | 374 | 0.32 | 816 | 0.68 |
| Minority (MINOR) | 1,190 | 332 | 0.28 | 858 | 0.72 |
| Municipal corporation (CORP) | 1,190 | 315 | 0.26 | 875 | 0.74 |
| Municipal cooperation (COOP) | 1,190 | 305 | 0.26 | 885 | 0.74 |