Economic Impact of Political Cycles – The Relevance of European experinces for Romania
The research was dedicated to the analysis of the interactions between political processes and economic activities. Explicitly, the research focussed on the theoretical and empirical study concerning the economic impact of political cycles and, especially, to evaluate the relevance of European experiences for Romania. The analysis was focused to the following subjects: to overview the existent literature on the interactions between political processes and economic activities – political implications of the economic status (the so-called vote – popularity function), and economic impact of the political behaviours – the political business cycles (section 1); to analyse specific features of the vote – popularity functions and the political business cycles in the developed economies and, especially, in the European Union Countries, by over viewing relevant empirical studies (section 2); to survey the literature concerning models and empirical evidences of the interactions between political processes and economic activity for the developing countries (section 3) and for the East European Candidate Countries (section 4); to analyse the interactions between the political processes and the economic dynamics in Romania – macroeconomic signals of the political business cycles, and estimation of regional vote-popularity function (section 5); to discuss the consequences of political business cycles for the processes of transition and the European integration (section 6).
|Date of creation:||Nov 2008|
|Date of revision:|
|Contact details of provider:|| Postal: Casa Academiei, Calea 13, Septembrie nr.13, sector 5, Bucureşti 761172|
Phone: 004 021 3188148
Fax: 004 021 3188148
Web page: http://www.ipe.ro/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Moritz Kraemer, 1997. "Electoral Budget Cycles in Latin America and the Caribbean: Incidence, Causes, and Political Futility," IDB Publications (Working Papers) 6802, Inter-American Development Bank.
- Khemani, Stuti, 2000. "Political cycles in a developing economy - effect of elections in Indian States," Policy Research Working Paper Series 2454, The World Bank.
- Alberto Alesina & Nouriel Roubini, 1992. "Political Cycles in OECD Economies," Review of Economic Studies, Oxford University Press, vol. 59(4), pages 663-688.
- Alesina, Alberto F & Roubini, Nouriel, 1990.
"Political Cycles in OECD Economies,"
CEPR Discussion Papers
470, C.E.P.R. Discussion Papers.
- D. Garratt & P.M. Jackson, . "Political Business Cycles: A Literature Survey," Discussion Papers in Public Sector Economics 96/2, Department of Economics, University of Leicester.
- Schuknecht, Ludger, 2000. "Fiscal Policy Cycles and Public Expenditure in Developing Countries," Public Choice, Springer, vol. 102(1-2), pages 115-30, January.
- Frey, Bruno S & Schneider, Friedrich, 1978. "An Empirical Study of Politico-Economic Interaction in the United States," The Review of Economics and Statistics, MIT Press, vol. 60(2), pages 174-83, May.
- Cukierman, A. & Tommasi, M., 1997.
"When Does It Take a Nixon to Go to China,"
30-97, Tel Aviv.
- Schuknecht, Ludger, 1996. "Political Business Cycles and Fiscal Policies in Developing Countries," Kyklos, Wiley Blackwell, vol. 49(2), pages 155-70.
- Hibbs, Douglas Jr., 1992. "Partisan theory after fifteen years," European Journal of Political Economy, Elsevier, vol. 8(3), pages 361-373, October.
- Mark Hallerberg & Jürgen von Hagen, 1999.
"Electoral Institutions, Cabinet Negotiations, and Budget Deficits in the European Union,"
in: Fiscal Institutions and Fiscal Performance, pages 209-232
National Bureau of Economic Research, Inc.
- Mark Hallerberg & Jurgen von Hagen, 1997. "Electoral Institutions, Cabinet Negotiations, and Budget Deficits in the European Union," NBER Working Papers 6341, National Bureau of Economic Research, Inc.
- Schuknecht, Ludger, 1998. "Fiscal policy cycles and public expenditure in developing countries," WTO Staff Working Papers ERAD-98-06, World Trade Organization (WTO), Economic Research and Statistics Division.
- Mathias Dewatripont & Gérard Roland, 1996.
"Transition as a process of large-scale institutional change,"
The Economics of Transition,
The European Bank for Reconstruction and Development, vol. 4(1), pages 1-30, 05.
- Mathias Dewatripont & Gérard Roland, 1997. "Transition as a process of large-scale institutional change," ULB Institutional Repository 2013/9659, ULB -- Universite Libre de Bruxelles.
- Hallerberg, Mark & von Hagen, Jürgen, 1997. "Electoral Institutions, Cabinet Negotiations, and Budget Deficits within the European Union," CEPR Discussion Papers 1555, C.E.P.R. Discussion Papers.
- Gartner, Manfred, 1994. "Democracy, elections, and macroeconomic policy: Two decades of progress," European Journal of Political Economy, Elsevier, vol. 10(1), pages 85-109, May.
- Kydland, Finn E & Prescott, Edward C, 1977. "Rules Rather Than Discretion: The Inconsistency of Optimal Plans," Journal of Political Economy, University of Chicago Press, vol. 85(3), pages 473-91, June.
- Berganza, J.C., 1998. "Relationships Between Politicians and Voters Through Elections: a Review Essay," Papers 9809, Centro de Estudios Monetarios Y Financieros-.
- Daviddi, Renzo & Ilzkovitz, Fabienne, 1997. "The Eastern enlargement of the European Union: Major challenges for macro-economic policies and institutions of Central and East European countries," European Economic Review, Elsevier, vol. 41(3-5), pages 671-680, April.
- Rogoff, Kenneth, 1990.
"Equilibrium Political Budget Cycles,"
American Economic Review,
American Economic Association, vol. 80(1), pages 21-36, March.
- William D. Nordhaus, 1975. "The Political Business Cycle," Review of Economic Studies, Oxford University Press, vol. 42(2), pages 169-190.
- Leertouwer, Erik & Maier, Philipp, 2001. "Who creates political business cycles: should central banks be blamed?," European Journal of Political Economy, Elsevier, vol. 17(3), pages 445-463, September.
- Clark, William Roberts & Reichert, Usha Nair & Lomas, Sandra Lynn & Parker, Kevin L., 1998. "International and Domestic Constraints on Political Business Cycles in OECD Economies," International Organization, Cambridge University Press, vol. 52(01), pages 87-120, December.
- Roubini, Nouriel & Alesina, Alberto, 1992. "Political Cycles in OECD Economies," Scholarly Articles 4553025, Harvard University Department of Economics.
- Magloire, Fouda Seraphin, 1997. "Political Monetary Cycles and Independence of the Central Bank in a Monetary Union: An Empirical Test for a BEAC Franc Zone Member Country," Journal of African Economies, Centre for the Study of African Economies (CSAE), vol. 6(1), pages 112-31, March.
- Schultz, Kenneth A., 1995. "The Politics of the Political Business Cycle," British Journal of Political Science, Cambridge University Press, vol. 25(01), pages 79-99, January.
- Khemani, Stuti, 2004. "Political cycles in a developing economy: effect of elections in the Indian States," Journal of Development Economics, Elsevier, vol. 73(1), pages 125-154, February.
- Fernandez, Raquel & Rodrik, Dani, 1991. "Resistance to Reform: Status Quo Bias in the Presence of Individual-Specific Uncertainty," American Economic Review, American Economic Association, vol. 81(5), pages 1146-55, December.
- Berger, Helge & Woitek, Ulrich, 1997. "Searching for Political Business Cycles in Germany," Public Choice, Springer, vol. 91(2), pages 179-97, April.
- Stephen Nickell, 1997. "Unemployment and Labor Market Rigidities: Europe versus North America," Journal of Economic Perspectives, American Economic Association, vol. 11(3), pages 55-74, Summer.
- Waller, Christopher J., 1992. "A bargaining model of partisan appointments to the central bank," Journal of Monetary Economics, Elsevier, vol. 29(3), pages 411-428, June.
- Daniel Treisman & Vladimir Gimpelson, 1999. "Political Business Cycles and Russian Elections, or the Manipulations of Chudar," CIRJE F-Series CIRJE-F-39, CIRJE, Faculty of Economics, University of Tokyo.
- Block, Steven A., 2002. "Political business cycles, democratization, and economic reform: the case of Africa," Journal of Development Economics, Elsevier, vol. 67(1), pages 205-228, February.
When requesting a correction, please mention this item's handle: RePEc:rjr:wpiecf:081101. 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: (Corina Saman)
If references are entirely missing, you can add them using this form.