Human capital and political business cycles

Akhmedov Akhmed ()

EERC Working Paper Series from EERC Research Network, Russia and CIS

Abstract: In this project, we propose an alternative explanation of the phenomenon of political business cycles — human capital of government. We propose an illustrative model in the framework of term limits. The predictions of the model will be tested on the basis of fiscal and monthly economic performance data of Russian regions from 1996 to 2003.

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