Optimum Electoral Areas
The paper lies at the intersection between the literature on macroeconomics and politics and the literature on coordination. It uses models of political business cycles in an open economy setting to investigate the costs and benefits of forming electoral areas, i.e. regions where countries share the same electoral calendar. Both opportunistic and partisan models are considered. The main finding of the paper is that the desirability of an electoral area between two countries is enhanced when the spillovers between these countries are large and positive, and when they face symmetric shocks (or are of comparable size). Hence, if a group of countries constitutes an optimum currency area it is also likely to be an optimum electoral area.
|Date of creation:||Nov 1995|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: 44 - 20 - 7183 8801
Fax: 44 - 20 - 7183 8820
|Order Information:|| Email: |
When requesting a correction, please mention this item's handle: RePEc:cpr:ceprdp:1290. 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: ()
If references are entirely missing, you can add them using this form.