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Francisco Veiga

Ph.D in Economics University of South Carolina

About

Francisco Veiga is Professor of Economics at the School of Economics and Management at UMinho. Holding an undergraduate degree in Economic and Political International Relations from UMinho, and a Ph.D. in Economics from the University of South Carolina, he teaches and researches in the areas of Macroeconomics, International Monetary Economics, Political Economy, and Economic Growth.
He was president of the European Public Choice Society from April 2017 to April 2019, is a member of the Editorial Board of the European Journal of Political Economy, has several articles published in journals such as the Journal of Development Economics and the European Economic Review, and coordinated several research projects.
He was Dean of the School of Economics and Management, an elected member of the General Council of UMinho, director of the Economic Policies Research Unit (NIPE), of the Department of Economics, and the Ph.D., Master and undergraduate programs in Economics.
Among the consultancy tasks performed are studies for the European Court of Auditors, the Portuguese Directorate General of Local Authorities (DGAL), Secretary of State of Culture, for the firm Parque Escolar, E.P.E., and Associação Missão Crescimento.

 

 

Areas of interest

Macroeconomics
International Monetary Economics
Economic Growth
Political Economy

Publications

Lautenschlage, J , Veiga, L G , & Veiga, F J (2024)

The effects of fiscal policy management, candidacy of previous mayors, and illiteracy on mayoral reelection in Brazil

Economics and Politics DOI
Wang, X , Bohn, F , & Veiga, F J (2023)

When do more selfish politicians manipulate less, not more?

European Journal of Political Economy, 102320 DOI
Alexandre, F , Bação, P , & Veiga, F J (2022)

The political economy of productivity growth

European Journal of Political Economy, 102185 DOI
Boukari, M , & Veiga, F J (2021)

Fiscal forecast manipulations and electoral results: evidence from Portuguese municipalities

Journal of Public Finance and Public Choice, 36(2), 115–138 DOI
Bohn, F , & Veiga, F J (2021)

Political forecast cycles

European Journal of Political Economy, 66, 101934 DOI
Sochirca, E , & Veiga, F J (2021)

Key determinants of elite rivalry: theoretical insights and empirical evidence

Applied Economics, 53(2), 277–291 DOI
Bohn, F , & Veiga, F J (2019)

Elections, recession expectations and excessive debt: an unholy trinity

Public Choice, 180(3-4), 429–449 DOI
Aguiar-Conraria, L , Magalhães, P C , & Veiga, F J (2019)

Transparency, Policy Outcomes, and Incumbent Support

Kyklos, 72(3), 357–380 DOI
Veiga, L G , & Veiga, F J (2019)

The Effects of Electoral Incentives on Fiscal Policy: Evidence from a Legislative Change at the Local Government Level

Journal of Law, Economics, and Organization, 35(2), 394–421 DOI
Bohn, F , & Veiga, F J (2019)

Political opportunism and countercyclical fiscal policy in election-year recessions

Economic Inquiry, 57(4), 2058–2081 DOI
Boukari, M , & Veiga, F J (2018)

Disentangling political and institutional determinants of budget forecast errors: A comparative approach

Journal of Comparative Economics, 46(4), 1030–1045 DOI
Veiga, F J , & Veiga, L G (2018)

Term limits and voter turnout

Electoral Studies, 53, 20–28 DOI
Goulart, P , Veiga, F J , & Grilo, C (2018)

Public numbers on monetary valuation of fish landings

Data in Brief, 17, 184–188 DOI
Goulart, P , Veiga, F J , & Grilo, C (2018)

The evolution of fisheries in Portugal: A methodological reappraisal with insights from economics

Fisheries Research, 199, 76–80 DOI
Veiga, F J , Veiga, L G , & Morozumi, A (2017)

Political budget cycles and media freedom

Electoral Studies, 45, 88–99 DOI
Morozumi, A , & Veiga, F J (2016)

Public spending and growth: The role of government accountability

European Economic Review, 89, 148–171 DOI
Goulart, P , & Veiga, F J (2016)

Portuguese 2015 legislative elections: How economic voting, the median voter and unemployment led to 'the times they are a'changin'?

Electoral Studies, 43(Setembro), 197–200 DOI
Martins, R , & Veiga, F J (2014)

Does voter turnout affect the votes for the incumbent government?

European Journal of Political Economy, 36, 274–286 DOI
Martins, S , & Veiga, F J (2014)

Government size, composition of public expenditure, and economic development

International Tax and Public Finance, 21(4), 578–597 DOI
Martins, R , & Veiga, F J (2013)

Economic performance and turnout at national and local elections

Public Choice, 157(3-4), 429–448 DOI
Neto, D G , & Veiga, F J (2013)

Financial globalization, convergence and growth: The role of foreign direct investment

Journal of International Money and Finance, 37, 161–186 DOI
Veiga, L G , & Veiga, F J (2013)

Intergovernmental fiscal transfers as pork barrel

Public Choice, 155(3-4), 335–353 DOI
Martins, R , & Veiga, F J (2013)

Economic voting in Portuguese municipal elections

Public Choice, 155(3-4), 317–334 DOI
Aisen, A , & Veiga, F J (2013)

How does political instability affect economic growth?

European Journal of Political Economy, 29, 151–167 DOI
Aidt, T S , Veiga, F J , & Veiga, L G F (2011)

Election results and opportunistic policies: A new test of the rational political business cycle model

Public Choice, 148(1-2), 21–44 DOI
Veiga, F J , & Veiga, L G F (2010)

The impact of local and national economic conditions on legislative election results

Applied Economics, 42(13), 1727–1734 DOI
Aisen, A , & Veiga, F J (2008)

The political economy of seigniorage

Journal of Development of Economics, 87(1), 29–50 DOI
Veiga, F J (2008)

Why do stabilizations fail?

Journal of Economic Policy Reform, 11(2), 135–149 DOI
Aisen, A , & Veiga, F J (2008)

Political instability and inflation volatility

Public Choice, 135(3-4), 207–223 DOI
Veiga, L G F , & Veiga, F J (2007)

Does opportunism pay off?

Economics Letters, 96(2), 177–182 DOI
Veiga, L G F , & Veiga, F J (2007)

Political business cycles at the municipal level

Public Choice, 131(1-2), 45–64 DOI
Coelho, C , Veiga, F J , & Veiga, L G F (2006)

Political business cycles in local employment: Evidence from Portugal

Economics Letters, 93(1), 82–87 DOI
Aisen, A , & Veiga, F J (2006)

Does political instability lead to higher inflation? A panel data analysis

Journal of Money, Credit and Banking, 38(5), 1379–1389 DOI
de Freitas, M L L , & Veiga, F J (2006)

Currency substitution, portfolio diversification, and money demand

Canadian Journal of Economics, 39(3), 719–743 DOI
Veiga, F J (2005)

Does IMF support accelerate inflation stabilization?

Open Economies Review, 16(4), 321–340 DOI
Veiga, L G , & Veiga, F J (2005)

Eleitoralismo nos Municípios Portugueses

Análise Social, XL (177), 865–889 DOI
Castro, V , & Veiga, F J (2004)

Political business cycles and inflation stabilization

Economics Letters, 83(1), 1–6 DOI
Veiga, F J , & Veiga, L G F (2004)

Popularity functions, partisan effects, and support in parliament

Economics and Politics, 16(1), 101–115 DOI
Veiga, F J , & Veiga, L G (2004)

The Determinants of Vote Intentions in Portugal

Public Choice, 118(3-4), 341–364 DOI
Veiga, F J (2000)

Delays of Inflation Stabilizations

Economics and Politics, 12(3), 275–295 DOI
Veiga, F J (1999)

What causes the failure of inflation stabilization plans?

Journal of International Money and Finance, 18(2), 169–194 DOI
Veiga, F J (2020)

Instituições e o crescimento da economia portuguesa

In P B António Portugal Duarte Marta Simões & R Morais (Eds ), Estudos de Homenagem a João Sousa Andrade (pp 219–234) Coimbra: Almedina DOI
de Lucas Bondezan, K , Veiga, F J , & Dias, J (2019)

Institutions, government stability and human capital accumulation

Revista De Economia e Agronegócio, 17(2), 255–271 DOI
Veiga, F , & Veiga, L (2023)

Political budget cycles in Portuguese municipalities in the 21st century

In A Teixeira, A P Delgado, L Carvalho, M I Mota, M M Castro e Silva (Eds) Estudos de Homenagem a José da Silva Costa Faculdade de Economia da U Porto, U Porto Press DOI
Veiga, F J (2017)

Forecast Errors in Prices and Wages: The Experience with Three Programme Countries

Notas Económicas, 44(1), 7–24 DOI
Veiga, F , Veiga, L , Fernandes, B , & Martins, J (2017)

Limitação de Mandatos

Lisbon: Fundação Francisco Manuel dos Santos DOI
Veiga, F J (2014)

Instituições, estabilidade política e desempenho económico - implicações para Portugal

In F Alexandre, P Bação, P Lains, M M F Martins, M Portela, & M Simões (Eds ), A Economia Portuguesa na União Europeia: 1986-2010 (pp 287–310) Coimbra: Actual Editora DOI
Veiga, F J , Cruz, F C , & Veiga, L (2014)

Cooperação Territorial Europeia e Cultura

Lisbon: Principia DOI
Veiga, F J , Carballo-Cruz, F , & Veiga, L G (2014)

Cooperação Territorial Europeia e Cultura em Portugal

Revista Lusófona De Estudos Culturais, 2(2), 103–130 DOI
Veiga, F , Oliveira, C , Martins, C , & Gonçalves, J (2013)

Solar emergy evaluation of the Portuguese economy

In M T Brown, S Sweeney, D E Campbell, S Huang, D Kang, T Rydberg, D Tilley and S Ulgiati (eds) Emergy Synthesis 7: Theory and Applications of the Emergy Methodology (pp 437-451) Proceedings of the 7th Biennial Emergy Conference Center for Environmental Policy, University of Florida, Gainesville DOI
Veiga, F (2011)

Direitos e deveres económicos, sociais e culturais (Art 58º a 79º) e Organização económica (Art 80º a 107º)

In J A Tavares, M P Maduro, N Garoupa and P Magalhães (Eds ) A Constituição revista (pp 33-36) Fundação Francisco Manuel dos Santos, Lisboa DOI
Veiga, F (2010)

Political Business Cycles

In G T Kurian, J Alt, S Chambers, G Garrett, M Levi and P D McClain (Eds ) The Encyclopedia of Political Science (pp 169-170), CQ Press DOI
Aisen, A , & Veiga, F (2007)

Da li politička nestabilnost vodi ka višoj i promenljivijoj inflaciji? Analiza panel podataka

Panoeconomicus, 1, 5–27 DOI
Veiga, L G , & Veiga, F J (2007)

Economics, Popularity and Vote Intentions in Portugal: A Longitudinal Analysis with Aggregate Data

In A Freire, M C Lobo, & P Magalhães (Eds ), Portugal at the Polls: in 2002 (pp 75–99) Plymouth – UK: Lexington Books DOI
Veiga, F & Veiga, L G (2006)

Ciclos Político-Económicos nos Municípios Portugueses

In Banco de Portugal Desenvolvimento Económico Português no Espaço Europeu (pp 93-118) Banco de Portugal, Lisboa DOI
Veiga, L , & Veiga, F (2004)

Economia, Popularidade e Intenções de Voto em Portugal: uma Análise Longitudinal com Dados Agregados

In A Freire, M C Lobo, & P Magalhães (Eds ), Portugal a Votos: Eleições Legislativas de 2002 (pp 125–157) Lisboa, Portugal: Imprensa das Ciências Sociais, Instituto de Ciências Sociais da Universidade de Lisboa DOI
Lautenschlage, J , Veiga, L G , & Veiga, F J (2024)

The effects of fiscal policy management, candidacy of previous mayors, and illiteracy on mayoral reelection in Brazil

Economics and Politics DOI

Projects

Estudo acerca do impacto financeiro no Município de Matosinhos da delegação de competências nos seus diversos domínios, decorrente da Lei-Quadro nº 50/2018, de 16 de agosto

Funding: Câmara Municipal de Matosinhos

Duration: 2022-05-09 - 2022-10-10

Estudo de avaliação do impacto financeiro no Município de Vila do Conde da transferência de competências nas áreas da educação, saúde e ação social

Funding: Câmara Municipal de Vila do Conde

Duration: 2022-02-14 - 2022-06-30

Estudo de avaliação do impacto financeiro no Município da Trofa da transferência de competências nas áreas da educação, saúde e ação social

Funding: Câmara Municipal da Trofa

Duration: 2022-02-02 - 2022-05-13

É tudo sobre produtividade: contribuições para a compreensão da estagnação da economia portuguesa

Funding: Fundação para a Ciência e Tecnologia

Duration: 2018-10-01 - 2022-09-30

Portuguese Economy Growth

Funding: Associação Missão Crescimento

Duration: 2019-07-01 - 2019-10-22

SmartEGOV: Harnessing EGOV for Smart Governance (Foundations, Methods, Tools)

Funding: Autoridade de Gestão do Programa Operacional Regional do Norte 2020

Duration: 2016-01-01 - 2018-12-31

Term limits to mayors and local finance management

Funding: Fundação Francisco Manuel dos Santos

Duration: 2015-09-01 - 2017-02-28

Expert Study on Export Performance and Internal Devaluation in the Context of a Performance Audit of the Greek Economic Adjustment Programme

Funding: Tribunal de Contas Europeu

Duration: 2015-01-15 - 2015-10-14

Estudo de monitorização da evolução das receitas e das despesas dos municípios portugueses

Funding: Direção Geral das Autarquias Locais

Duration: 2015-04-15 - 2015-07-15

Financial Literacy

Funding: European Investment Bank

Duration: 2013-01-01 - 2015-12-31

European Territorial Cooperation and Culture

Funding: Secretaria de Estado da Cultura

Duration: 2013-10-15 - 2014-04-15

Political Business Cycles and Economic Voting

Funding: Fundação para a Ciência e Tecnologia

Duration: 2012-01-01 - 2015-03-31

Financial Globalization and Economic Growth

Funding: Fundação para a Ciência e Tecnologia

Duration: 2011-01-01 - 2013-03-31

1986-2010: The Portuguese Economy in the European Union

Funding: Universidade do Minho

Duration: 2010-04-01 - 2014-05-07

Avaliação do Impacto Económico do Programa de Modernização do Parque Escolar Destinado ao Ensino Secundário

Funding: Parque Escolar, E.P.E.

Duration: 2010-06 - 2011-03

Competição Política e Desempenho Económico

Funding: Fundação para a Ciência e Tecnologia

Duration: 2008-01-01 - 2010-12-31

Crescimento Económico, Convergência e Instituições

Funding: Fundação para a Ciência e a Tecnologia (FCT) and FEDER

Duration: 2006-07 - 2009-06

Interacções entre a economia e a política em Portugal

Funding: Fundação para a Ciência e Tecnologia (FCT) and FEDER

Duration: 2005-08-01 - 2008-07-31

Eleitores, governantes e a economia

Funding: Fundação para a Ciência e Tecnologia (FCT) and FEDER

Duration: 2002-04-01 - 2005-03-31

Timing, performance e causas do fracasso de planos de estabilização da inflação

Funding: Fundação para a Ciência e a Tecnologia (FCT) and FEDER

Duration: 2000-12-01 - 2003-11-30

Eleitores, governantes e a economia: uma análise do caso português

Funding: Fundação para a Ciência e a Tecnologia (FCT) and FEDER

Duration: 2000-12-01 - 2001-11-30

Teaching

Economia Monetária Internacional Licenciatura
Políticas Macroeconómicas Mestrado

SDG