Whither Political Economy? Theories, Facts and Issues

Antonio Merlo

PIER Working Paper Archive from Penn Institute for Economic Research, Department of Economics, University of Pennsylvania

Abstract: In this paper, I discuss recent developments in political economy. By focusing on the microeconomic side of the discipline, I present an overview of current research on four of the fundamental institutions of a political economy: voters, politicians, parties and governments. For each of these topics, I identify and discuss some of the salient questions that have been posed and addressed in the literature, present some stylized models and examples, and summarize the main theoretical findings. Furthermore, I describe the available data, review the relevant empirical evidence, and discuss some of the challenges for empirical research in political economy.

Keywords: microeconomics of political economy; voters; politicians; parties; governments (search for similar items in EconPapers)
JEL-codes: D72 D78 H11 (search for similar items in EconPapers)
Pages: 81 pages
Date: 2005-08-01, Revised 2005-12-01
New Economics Papers: this item is included in nep-hpe, nep-pbe and nep-pol
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (30)

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Persistent link: https://EconPapers.repec.org/RePEc:pen:papers:05-033

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