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Whither Political Economy? Theories, Facts and Issues

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  • Antonio Merlo

    ()
    (Department of Economics, University of Pennsylvania)

Abstract

In this paper, I discuss recent developments in political economy. By focusing on the microeconomic side of the discipline, I present an overview of current research on four of the fundamental institutions of a political economy: voters, politicians, parties and governments. For each of these topics, I identify and discuss some of the salient questions that have been posed and addressed in the literature, present some stylized models and examples, and summarize the main theoretical findings. Furthermore, I describe the available data, review the relevant empirical evidence, and discuss some of the challenges for empirical research in political economy.

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File URL: http://economics.sas.upenn.edu/system/files/working-papers/05-033.pdf
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Bibliographic Info

Paper provided by Penn Institute for Economic Research, Department of Economics, University of Pennsylvania in its series PIER Working Paper Archive with number 05-033.

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Length: 81 pages
Date of creation: 01 Aug 2005
Date of revision: 01 Dec 2005
Handle: RePEc:pen:papers:05-033

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Keywords: microeconomics of political economy; voters; politicians; parties; governments;

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References

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