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Political Business Cycles in Varieties of Capitalistic Systems

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  • Joscha Beckmann
  • Rainer Schweickert
  • Marvin Jahn

Abstract

This study contributes to the literature on political business cycles by assessing the effect of elections on growth expectations based on expert survey data instead of using actual performance data. We analyze the different roles opportunistic and partisan politics play in varieties of capitalistic systems as a source of heterogeneity. Our results show that expectations differ remarkably between Liberal and Coordinated Market Economies (LME vs. CME) even independent of election outcomes.

Suggested Citation

  • Joscha Beckmann & Rainer Schweickert & Marvin Jahn, 2025. "Political Business Cycles in Varieties of Capitalistic Systems," Economics and Politics, Wiley Blackwell, vol. 37(2), pages 653-668, July.
    • Handle: RePEc:bla:ecopol:v:37:y:2025:i:2:p:653-668
    DOI: 10.1111/ecpo.12331
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