Political Legislation Cycle in the Czech Republic
AbstractThere is a wide range of theories that try to explain interactions between politics end economy that are referred as political cycles. Majority of these theories aims at analysis of changes in economic outcomes that are related to elections or other phenomena in the political reality. To induce at least some of these changes it is necessary to alter a country’s legislation which leads to emergence of political legislation cycles – changes in legislation activity over time in an electoral term. The aim of this paper is to study political legislation cycle in the legislative system of the Czech Republic. Obtained results suggest that elections timing has an impact on legislation activity. As electoral term matures and upcoming elections are getting closer an increase is observed in the legislation activity.
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Bibliographic InfoPaper provided by Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies in its series Working Papers IES with number 2011/21.
Date of creation: Jul 2011
Date of revision: Jul 2011
political business cycle; economic theory of legislation; voters;
Find related papers by JEL classification:
- H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
- H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
- C49 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Other
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-08-02 (All new papers)
- NEP-CDM-2011-08-02 (Collective Decision-Making)
- NEP-POL-2011-08-02 (Positive Political Economics)
- NEP-TRA-2011-08-02 (Transition Economics)
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- Fabio Padovano & Ilaria Petrarca, 2012. "A Theory of Cyclical Production of Laws and Decrees," Economics Working Paper from Condorcet Center for political Economy at CREM-CNRS 2012-09-ccr, Condorcet Center for political Economy.
- Fabio Padovano & Nicolas Gavoille, 2013. "The Dual Political Legislation Cycle in France," Economics Working Paper from Condorcet Center for political Economy at CREM-CNRS 2013-02-ccr, Condorcet Center for political Economy.
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