Political parties' ideological bias and convergence in economic outcome

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F25840886%3A_____%2F25%3AN0000019" target="_blank" >RIV/25840886:_____/25:N0000019 - isvavai.cz</a>

Výsledek na webu

<a href="https://www.sciencedirect.com/science/article/abs/pii/S0176268025000291?via%3Dihub" target="_blank" >https://www.sciencedirect.com/science/article/abs/pii/S0176268025000291?via%3Dihub</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1016/j.ejpoleco.2025.102669" target="_blank" >10.1016/j.ejpoleco.2025.102669</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Political parties' ideological bias and convergence in economic outcome

Popis výsledku v původním jazyce

In democracies, policies are jointly shaped by voters' preferences and politicians' (or parties') ideological biases. We explore the relative importance of the latter on some key economic outcomes - growth rate, inflation and inequality - in a broad sample of 71 democracies from 1995 to 2019. We find evidence that both left-wing and right-wing governments deliver convergent outcomes as regards growth, inflation and inequality. The same applies to the policy outcome of economic freedom. This indicates that consolidated democracies maintain continuity in economic policies, and a change in government from one political ideology to another with a different ideology does not significantly alter economic policy outcomes. However, we find divergence in hybrid regimes; inequality and economic freedom are reduced under leftist governments, and economic freedom is enhanced by rightist governments.

Název v anglickém jazyce

Political parties' ideological bias and convergence in economic outcome

Popis výsledku anglicky

In democracies, policies are jointly shaped by voters' preferences and politicians' (or parties') ideological biases. We explore the relative importance of the latter on some key economic outcomes - growth rate, inflation and inequality - in a broad sample of 71 democracies from 1995 to 2019. We find evidence that both left-wing and right-wing governments deliver convergent outcomes as regards growth, inflation and inequality. The same applies to the policy outcome of economic freedom. This indicates that consolidated democracies maintain continuity in economic policies, and a change in government from one political ideology to another with a different ideology does not significantly alter economic policy outcomes. However, we find divergence in hybrid regimes; inequality and economic freedom are reduced under leftist governments, and economic freedom is enhanced by rightist governments.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

—

Návaznosti

N - Vyzkumna aktivita podporovana z neverejnych zdroju

Rok uplatnění

2025

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

European Journal of Political Economy

ISSN

0176-2680

e-ISSN

1873-5703

Svazek periodika

87

Číslo periodika v rámci svazku

April 2025

Stát vydavatele periodika

NL - Nizozemsko

Počet stran výsledku

25

Strana od-do

1-25

Kód UT WoS článku

001463293000001

EID výsledku v databázi Scopus

2-s2.0-105001691174