Political Business Cycles in the OECD Countries: an Initial Analysis

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Political Business Cycles in the OECD Countries: an Initial Analysis

Popis výsledku v původním jazyce

Economists of public choice theory state that incumbent politicians tend to use government resources for pre-electoral manipulations. Incumbent politicians have incentives to influence some of the macroeconomic variables (e.g. GDP growth) because they desire to appear competent before the elections. This phenomenon is called the political business cycle. The aim of this paper is to find out if there is a political business cycle in the OECD countries. We take into account our previous research on the political budget cycle and we enlarge our analysis. The dynamic panel linear regression model is used in this article and 34 OECD members are investigated over the period 1995 - 2014. One important result emerges: there is a political business cycle in the OECD countries. An average GDP growth increases regularly about 0.5 percentage points in the time of general elections in these countries.

Název v anglickém jazyce

Political Business Cycles in the OECD Countries: an Initial Analysis

Popis výsledku anglicky

Economists of public choice theory state that incumbent politicians tend to use government resources for pre-electoral manipulations. Incumbent politicians have incentives to influence some of the macroeconomic variables (e.g. GDP growth) because they desire to appear competent before the elections. This phenomenon is called the political business cycle. The aim of this paper is to find out if there is a political business cycle in the OECD countries. We take into account our previous research on the political budget cycle and we enlarge our analysis. The dynamic panel linear regression model is used in this article and 34 OECD members are investigated over the period 1995 - 2014. One important result emerges: there is a political business cycle in the OECD countries. An average GDP growth increases regularly about 0.5 percentage points in the time of general elections in these countries.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2016

Kód důvěrnosti údajů

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

Název statě ve sborníku

Proceedings of 14th International Scientific Conference Economic Policy in the European Union Member Countries: September 14-16, 2016, Petrovice u Karviné, Czech Republic. Part 1

ISBN

978-80-7510-210-2

ISSN

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e-ISSN

neuvedeno

Počet stran výsledku

11

Strana od-do

274-285

Název nakladatele

Slezská univerzita v Opavě, Obchodně podnikatelská fakulta v Karviné

Místo vydání

Karviná

Místo konání akce

Petrovice u Karviné

Datum konání akce

14. 9. 2016

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

000403638200029