IDEAS home Printed from https://ideas.repec.org/a/wun/journl/tjev04y2011i4(16)a03.html
   My bibliography  Save this article

Connections between Economy and Politics – the Relevance of the Typology of Political Parties

Author

Listed:
  • Laura OBREJA BRASOVEANU

    (Bucharest University of Economic Studies, Faculty of Finance, Banking, Insurance and Stock Exchange, Bucharest, Romania)

  • Victor DRAGOTA

    (Bucharest University of Economic Studies, Faculty of Finance, Banking, Insurance and Stock Exchange, Bucharest, Romania)

  • Meral KAGITCI

    (Bucharest University of Economic Studies, Faculty of Finance, Banking, Insurance and Stock Exchange, Bucharest, Romania)

Abstract

This study examines the impact of the typology of political parties on macroeconomic variables. Considering the impact on macroeconomic variables of the typology of political parties is an original approach. From academic point of view, such a study may provide an answer to the question of whether strategic decisions of political parties can influence macroeconomic variables. It is recommended that the option for a particular party or another to be based on knowledge of the main economic implications of the vote. At the limit, the absence of any implications of this principle can be said to sustain the independence between economy and politics. Although the analysis should be studied even deeper, we can find some differences between the characteristic indicators of the two types of governance. Economic growth, measured through the real GDP growth rate, is higher in periods of left-winged government. Regarding the structure of public expenditures, there is a higher share of wages, materials and operational expenses and interest in GDP, in the context of right-wing government, while left-wing government has higher rates for transfers and subsidies and capital expenditures. In terms of the structure of tax revenues, there is a higher share of VAT in GDP in right-wing government, while left-wing government is characterized by higher rates of income tax, social security, custom duties and excises in GDP.

Suggested Citation

  • Laura OBREJA BRASOVEANU & Victor DRAGOTA & Meral KAGITCI, 2011. "Connections between Economy and Politics – the Relevance of the Typology of Political Parties," Timisoara Journal of Economics, West University of Timisoara, Romania, Faculty of Economics and Business Administration, vol. 4(4(16)), pages 211-220.
  • Handle: RePEc:wun:journl:tje:v04:y2011:i4(16):a03
    as

    Download full text from publisher

    File URL: http://www.tje.uvt.ro/index.php/tje/article/download/122/pdf
    Download Restriction: no

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. repec:vls:finstu:v:20:y:2016:i:2:p:55-64 is not listed on IDEAS

    More about this item

    Keywords

    economic growth; fiscal policy; institutional factors; politics;

    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • H2 - Public Economics - - Taxation, Subsidies, and Revenue

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wun:journl:tje:v04:y2011:i4(16):a03. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Romeo Margea). General contact details of provider: http://edirc.repec.org/data/feuvtro.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.