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Political Legislation Cycle in the Czech Republic

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Abstract

There 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.

Suggested Citation

  • Josef Brechler & Adam Gersl, 2011. "Political Legislation Cycle in the Czech Republic," Working Papers IES 2011/21, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Jul 2011.
  • Handle: RePEc:fau:wpaper:wp2011_21
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    1. Francesco Lagona & Fabio Padovano, 2008. "The political legislation cycle," Public Choice, Springer, vol. 134(3), pages 201-229, March.
    2. repec:cup:apsrev:v:71:y:1977:i:04:p:1467-1487_26 is not listed on IDEAS
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    10. 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, revised Jun 2014.
    11. Francesco Lagona & Antonello Maruotti & Fabio Padovano, 2012. "The opposite Cycles of Laws and Decrees," Economics Working Paper from Condorcet Center for political Economy at CREM-CNRS 2012-01-ccr, Condorcet Center for political Economy.
    12. 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.
    13. William D. Nordhaus, 1975. "The Political Business Cycle," Review of Economic Studies, Oxford University Press, vol. 42(2), pages 169-190.
    14. Rogoff, Kenneth, 1990. "Equilibrium Political Budget Cycles," American Economic Review, American Economic Association, pages 21-36.
    15. Josef Brechler & Adam Gersl, 2011. "Political Legislation Cycle in the Czech Republic," Working Papers IES 2011/21, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Jul 2011.
    16. Mueller,Dennis C., 2003. "Public Choice III," Cambridge Books, Cambridge University Press, number 9780521894753, December.
    17. Khemani, Stuti, 2004. "Political cycles in a developing economy: effect of elections in the Indian States," Journal of Development Economics, Elsevier, pages 125-154.
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    Cited by:

    1. Eric Dubois, 2016. "Political business cycles 40 years after Nordhaus," Public Choice, Springer, vol. 166(1), pages 235-259, January.
    2. Fabio Padovano & Ilaria Petrarca, 2013. "When and how politicians take ‘scandalous’ decisions?," Constitutional Political Economy, Springer, pages 336-351.
    3. Michal Plaček & Milan Půček & František Ochrana & Milan Křápek & Lenka Matějová, 2016. "Political Business Cycle in the Czech Republic: Case of Municipalities," Prague Economic Papers, University of Economics, Prague, pages 304-320.
    4. Josef Brechler & Adam Geršl, 2014. "Political legislation cycle in the Czech Republic," Constitutional Political Economy, Springer, pages 137-153.
    5. Josef Brechler & Adam Gersl, 2011. "Political Legislation Cycle in the Czech Republic," Working Papers IES 2011/21, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Jul 2011.
    6. Oxana Babecka Kucharcukova & Alexis Derviz & Vaclav Hausenblas & Michal Hlavacek & Mark Joy & Narcisa Kadlcakova & Lubos Komarek & Zlatuse Komarkova & Tomas Konecny & Ivana Kubicova & Jitka Lesanovska, 2014. "Macroprudential Research: Selected Issues," Occasional Publications - Edited Volumes, Czech National Bank, Research Department, edition 2, volume 12, number rb12/2 edited by Jan Babecky & Borek Vasicek, June.
    7. 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, revised Jun 2014.
    8. Fabio Padovano & Ilaria Petrarca, 2013. "When and how politicians take ‘scandalous’ decisions?," Constitutional Political Economy, Springer, pages 336-351.
    9. Frantisek Brazdik & Jan Bruha & Michal Franta & David Havrlant & Tibor Hledik & Tomas Holub & Zuzana Humplova & Frantisek Kopriva & Jiri Polansky & Marek Rusnak & Jaromir Tonner, 2015. "Forecasting," Occasional Publications - Edited Volumes, Czech National Bank, Research Department, edition 1, volume 13, number rb13/1 edited by Jan Babecky & Kamil Galuscak, June.
    10. Gael Lagadec, 2014. "Are political support-driven policies always bad? The case of large interest groups," European Journal of Government and Economics, Europa Grande, vol. 3(2), pages 138-147, December.
    11. Michal Andrle & Oxana Babecka Kucharcukova & Jaromir Baxa & Jan Bruha & Peter Claeys & Jan Filacek & Jakub Mateju & Miroslav Plasil & Serhat Solmaz & Borek Vasicek, 2015. "Monetary Policy Challenges in a Low-Inflation Environment," Occasional Publications - Edited Volumes, Czech National Bank, Research Department, edition 2, volume 13, number rb13/2 edited by Jan Babecky & Michal Franta, June.
    12. Eric Dubois, 2016. "Political Business Cycles 40 Years after Nordhaus," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-01291401, HAL.
    13. Jan Bruha & Jiri Polansky & Jaromir Tonner & Stanislav Tvrz & Osvald Vasicek & Jan Babecky & Kamil Galuscak & Lubomir Lizal & Diana Zigraiova, 2016. "Topics in Labour Markets," Occasional Publications - Edited Volumes, Czech National Bank, Research Department, edition 1, volume 14, number rb14/1 edited by Jan Babecky, June.
    14. repec:hal:journl:hal-01291401 is not listed on IDEAS
    15. Francesco Lagona & Antonello Maruotti & Fabio Padovano, 2015. "Multilevel multivariate modelling of legislative count data, with a hidden Markov chain," Journal of the Royal Statistical Society Series A, Royal Statistical Society, vol. 178(3), pages 705-723, June.
    16. Miroslav Plasil & Jakub Seidler & Petr Hlavac & Volha Audzei & Jakub Mateju & Michal Kejak & Simona Malovana & Jan Frait, 2016. "Financial Cycles and Macroprudential and Monetary Policies," Occasional Publications - Edited Volumes, Czech National Bank, Research Department, edition 2, volume 14, number rb14/2 edited by Jan Babecky & Michal Hlavacek, June.
    17. Kamil Galuscak & Adam Gersl & Marcela Gronychova & Petr Hlavac & Petr Jakubik & Lubos Komarek & Zlatuse Komarkova & Tomas Konecny & Jakub Seidler, 2014. "Stress-Testing Analyses of the Czech Financial System," Occasional Publications - Edited Volumes, Czech National Bank, Research Department, edition 1, volume 12, number rb12/1 edited by Jan Babecky & Roman Horvath, June.
    18. Francesco Lagona & Antonello Maruotti & Fabio Padovano, 2014. "Multilevel multivariate modelling of legislative count data, with a hidden Markov chain," Post-Print halshs-01246575, HAL.
    19. 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.

    More about this item

    Keywords

    political business cycle; economic theory of legislation; voters;

    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

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