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Left- and Right-wing Ideologies and Economic-Policy Preference: Comparisons of Japan with Western European Countries and the United States

Author

Listed:
  • Okabe, Tomohito
  • Nogiwa, Daisuke

Abstract

Representing political conflicts between left- and right-wing ideologies as those over economic policies is useful in evaluating the influence of politics on policies. This study considers whether such a model of endogenous policy formation is applicable to the Japanese economy. Therefore, a comparative study for Japan, Western Europe, and the United States was conducted using survey data of ideologies and preferences of economic policies. According to the results of this study, political parties in Japan have fewer differences in the preferences of economic policies than in other countries. Moreover, Japanese citizens have, to some extent, consistency between their ideologies and policy preferences.

Suggested Citation

  • Okabe, Tomohito & Nogiwa, Daisuke, 2019. "Left- and Right-wing Ideologies and Economic-Policy Preference: Comparisons of Japan with Western European Countries and the United States," Economic Review, Hitotsubashi University, vol. 70(3), pages 200-224, July.
    • Handle: RePEc:hit:ecorev:v:70:y:2019:i:3:p:200-224
    DOI: 10.15057/30485
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    More about this item

    JEL classification:

    • C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

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