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Political Business Cycles And Endogenous Elections
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Book Synopsis Political Business Cycles by : Bruno S. Frey
Download or read book Political Business Cycles written by Bruno S. Frey and published by Edward Elgar Publishing. This book was released on 1997 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A collection of articles on how the government influences the economy in order to secure re-election. This book surveys the empirical and major theoretical approaches, such as vote maximization, partisan and vote-cum-partisan models, and rational political business cycles. It provides extensions including the role of the central bank, of direct democracy, and the cycles in European communist countries, as well as discussing policy relevance.
Book Synopsis The American Political Economy by : Douglas A. HIBBS
Download or read book The American Political Economy written by Douglas A. HIBBS and published by Harvard University Press. This book was released on 2009-06-30 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: Here is the most comprehensive and authoritative work to date on relationships between the economy and politics in the years from Eisenhower through Reagan. Extending and deepening his earlier work, which had major impact in both political science and economics, Hibbs traces the patterns in and sources of postwar growth, unemployment, and inflation. He identifies which groups win and lose from inflations and recessions. He also shows how voters' perceptions and reactions to economic events affect the electoral fortunes of political parties and presidents. Hibbs's analyses demonstrate that political officials in a democratic society ignore the economic interests and demands of their constituents at their peril, because episodes of prosperity and austerity frequently have critical influence on voters' behavior at the polls. The consequences of Eisenhower's last recession, of Ford's unwillingness to stimulate the economy, of Carter's stalled recovery were electorally fatal, whereas Johnson's, Nixon's, and Reagan's successes in presiding over rising employment and real incomes helped win elections. The book develops a major theory of macroeconomic policy action that explains why priority is given to growth, unemployment, inflation, and income distribution shifts with changes in partisan control of the White House. The analysis shows how such policy priorities conform to the underlying economic interests and preferences of the governing party's core political supporters. Throughout the study Hibbs is careful to take account of domestic institutional arrangements and international economic events that constrain domestic policy effectiveness and influence domestic economic outcomes. Hibbs's interdisciplinary approach yields more rigorous and more persuasive characterizations of the American political economy than either purely economic, apolitical analyses or purely partisan, politicized accounts. His book provides a useful benchmark for the advocacy of new policies for the 1990s--a handy volume for politicians and their staffs, as well as for students and teachers of politics and economics.
Book Synopsis Taxation, Responsiveness, and Accountability in Sub-Saharan Africa by : Wilson Prichard
Download or read book Taxation, Responsiveness, and Accountability in Sub-Saharan Africa written by Wilson Prichard and published by Cambridge University Press. This book was released on 2015-09-11 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book captures the critical role of taxation in shaping government responsiveness and accountability in developing countries.
Download or read book Election Timing written by Alastair Smith and published by Cambridge University Press. This book was released on 2004-07-19 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: Endogenous election timing allows leaders to schedule elections 'when the time is right'. The author proposes and tests an informational theory of endogenous election timing that explains when leaders call for elections and the consequences of their decisions. In particular, he argues that, if all else is equal, leaders announce elections when they anticipate a decline in their future performance. As a consequence, early elections signal a leader's lack of confidence in future outcomes. The earlier elections occur, relative to expectations, the stronger the signal of demise. Using data on British parliaments since 1945, the author tests hypotheses related to timing of elections, electoral support and subsequent economic performance. Leaders who call elections early (relative to expectations) experience a decline in their popular support relative to pre-announcement levels, experience worse post-electoral performance, and have shorter campaigns.
Book Synopsis Political Cycles in a Developing Economy by : Stuti Khemani
Download or read book Political Cycles in a Developing Economy written by Stuti Khemani and published by World Bank Publications. This book was released on 2000 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: Empirical results from India suggest that politicians exert greater effort in managing public works during election years. Surprisingly, there is no evidence of a populist spending spree to sway voters just before elections.
Book Synopsis Economic Politics by : William R. Keech
Download or read book Economic Politics written by William R. Keech and published by Cambridge University Press. This book was released on 1995-02-24 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book raises and addresses questions about the consequences of democratic institutions for economic performance.
Book Synopsis NBER Macroeconomics Annual 2000 by : Ben Bernanke
Download or read book NBER Macroeconomics Annual 2000 written by Ben Bernanke and published by Mit Press. This book was released on 2001-02-19 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: The NBER Macroeconomics Annual presents, extends, and applies pioneering work in macroeconomics and stimulates work by macroeconomists on important policy issues. Each paper in the Annual is followed by comments and discussion.
Book Synopsis Endogenous Election Timings and Political Business Cycles in Japan by : Takatoshi Itō
Download or read book Endogenous Election Timings and Political Business Cycles in Japan written by Takatoshi Itō and published by . This book was released on 1989 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper constructs a theoretical model of political business cycles in a Parliamentary system and tests predictions and hypotheses of a theoretical model against the post-war Japanese data. Unlike in a presidential system, the timing of a general election is an endogenous policy variable in a parliamentary system. Thus, one of the interesting questions in a parliamentary system is whether elections cause business cycles or economic expansions trigger general elections. Empirical analyses of the post-war Japanese experience strongly indicate that the Japanese government did not manipulate policies in anticipation of approaching elections as political business cycle theories in a presidential system indicate. Instead, general elections were usually held during times of autonomous economic expansion. In other words, the Japanese government opportunistically manipulated the timing of elections rather than the economy.
Book Synopsis The Economic Vote by : Raymond M. Duch
Download or read book The Economic Vote written by Raymond M. Duch and published by Cambridge University Press. This book was released on 2008-03-17 with total page 359 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book proposes a selection model for explaining cross-national variation in economic voting: Rational voters condition the economic vote on whether incumbents are responsible for economic outcomes, because this is the optimal way to identify and elect competent economic managers under conditions of uncertainty. This model explores how political and economic institutions alter the quality of the signal that the previous economy provides about the competence of candidates. The rational economic voter is also attentive to strategic cues regarding the responsibility of parties for economic outcomes and their electoral competitiveness. Theoretical propositions are derived, linking variation in economic and political institutions to variability in economic voting. The authors demonstrate that there is economic voting, and that it varies significantly across political contexts. The data consist of 165 election studies conducted in 19 different countries over a 20-year time period.
Book Synopsis The Oxford Handbook of American Elections and Political Behavior by : Jan E. Leighley
Download or read book The Oxford Handbook of American Elections and Political Behavior written by Jan E. Leighley and published by Oxford University Press (UK). This book was released on 2012-02-16 with total page 796 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Oxford Handbooks of American Politics are the essential guide to the study of American political life in the 21st Century. With engaging contributions from the major figures in the field The Oxford Handbook of American Elections and Political Behavior provides the key point of reference for anyone working in American Politics today
Book Synopsis A Behavioral Theory of Elections by : Jonathan Bendor
Download or read book A Behavioral Theory of Elections written by Jonathan Bendor and published by Princeton University Press. This book was released on 2011-02-06 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most theories of elections assume that voters and political actors are fully rational. This title provides a behavioral theory of elections based on the notion that all actors - politicians as well as voters - are only boundedly rational.
Book Synopsis Political Economy, Growth, and Business Cycles by : Alex Cukierman
Download or read book Political Economy, Growth, and Business Cycles written by Alex Cukierman and published by MIT Press. This book was released on 1992 with total page 430 pages. Available in PDF, EPUB and Kindle. Book excerpt: These original contributions by some of today's leading macroeconomists and political economists explore a broad spectrum of social, political, and technological variables that encourage or impede economic growth. What political and economic factors stimulate growth and make an economy expand? These original contributions by some of today's leading macroeconomists and political economists explore a broad spectrum of social, political, and technological variables that encourage or impede economic growth. Topics range from economic reform and price flexibility to the economic effects of political coups and include both theoretical analysis and empirical results.During the past decade, economists have seen important new developments linking growth and business cycles to government policy. These contributions provide a clear understanding of these processes and their effect in shaping economic policy. They look at the welfare side of economics and offer strong economic models to explain the connection between social policies and economic growth. For example, John Londregan and Keith Poole address the economic effects of political coups, Torsten Persson and Guido Tabellini explore the question of whether inequality is harmful for growth, and Stephen Parente and Edward Prescott look at the role of technology adoption in stimulating growth.The essays cover a wide range of approaches. Several focus on the interaction between growth and the choice of policy, where policy reacts to economic and distributional considerations through a majority rule process. Others take the policy as given and focus on the empirical estimation of the speed of convergence of rates of growth across states and regions and the importance of externalities and knowledge spillovers for rates of growth. Essays about the business cycle fall into two broad categories. One, arising from the new political economy tradition, examines the effects of elections and price decontrols on the business cycle. The other explores the implications of optimal economic policies in a representative agent framework for the cyclical behavior of the economy.
Book Synopsis Economics and Elections by : Michael S. Lewis-Beck
Download or read book Economics and Elections written by Michael S. Lewis-Beck and published by University of Michigan Press. This book was released on 1990 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: A cross-national study of the effect of economic conditions on voting behavior in the United States and the Western democracies
Book Synopsis The Political Logic of Poverty Relief by : Alberto Diaz-Cayeros
Download or read book The Political Logic of Poverty Relief written by Alberto Diaz-Cayeros and published by Cambridge University Press. This book was released on 2016-02-26 with total page 259 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Political Logic of Poverty Relief places electoral politics and institutional design at the core of poverty alleviation. The authors develop a theory with applications to Mexico about how elections shape social programs aimed at aiding the poor. They also assess whether voters reward politicians for targeted poverty alleviation programs.
Book Synopsis Political Cycles and the Macroeconomy by : Alberto Alesina
Download or read book Political Cycles and the Macroeconomy written by Alberto Alesina and published by MIT Press. This book was released on 1997 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines how electoral laws, the timing of election, the ideological orientation of governments, and the nature of competition between political parties influence unemployment, economic growth, inflation, and monetary and fiscal policy. The book presents both a thorough overview of the theoretical literature and a vast amount of empirical evidence.
Book Synopsis Budget Deficits and Budget Institutions by : Mr.Alberto Alesina
Download or read book Budget Deficits and Budget Institutions written by Mr.Alberto Alesina and published by International Monetary Fund. This book was released on 1996-05-01 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: By discussing the available theoretical and empirical literature, this paper argues that budget procedures and budget institutions do influence budget outcomes. Budget institutions include both procedural rules and balanced budget laws. We critically assess theoretical contributions in this area and suggest several open and unresolved issue. We also examine the empirical evidence drawn from studies on samples of OECD countries, Latin American countries and the United States. We conclude with a discussion of the normative implications of this literature and with some concrete proposals.
Book Synopsis The Economy and the Vote by : Wouter van der Brug
Download or read book The Economy and the Vote written by Wouter van der Brug and published by Cambridge University Press. This book was released on 2007-04-30 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic conditions are said to affect election outcomes, but past research has produced unstable and contradictory findings. This book argues that these problems are caused by the failure to take account of electoral competition between parties. A research strategy to correct this problem is designed and applied to investigate effects of economic conditions on (individual) voter choices and (aggregate) election outcomes over 42 elections in 15 countries. It shows that economic conditions exert small effects on individual party preferences, which can have large consequences for election outcomes. In countries where responsibility for economic policy is clear, voters vote retrospectively and reward or punish incumbent parties - although in coalition systems smaller government parties often gain at the expense of the largest party when economic conditions deteriorate. Where clarity of responsibility for economic policy is less clear, voters vote more prospectively on the basis of expected party policies.
