Behavioral and Institutional Determinants of Political Business Cycles

Rui Nuno Baleiras () and Vasco Santos

Public Choice, 2000, vol. 104, issue 1-2, pages 121-47

Abstract: The link between business cycles and the democratic political system has long been recognized by economists. However, the determinants of political business cycles are not well understood. We discuss several institutional and behavioral determinants of those cycles, such as revolving-door appointments, term limits and preferences of the incumbent politician, electorate and business community concerning the intertemporal pattern of public expenditure. We show how they affect the cycle's amplitude in the context of a rational-expectations model. Copyright 2000 by Kluwer Academic Publishers

Date: 2000
View citations in EconPapers

Downloads: (external link)
http://journals.kluweronline.com/issn/0048-5829/contents link to full text (text/html)
Access to full text is restricted to subscribers.

Related works:
Journal Article: Behavioral and Institutional Determinants of Political Business Cycles (2000)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:kap:pubcho:v:104:y:2000:i:1-2:p:121-47

Access Statistics for this article

Public Choice is edited by Charles K. Rowley, WIlliam F. Shughart and Robert D. Tollison

More articles in Public Choice from Springer
Series data maintained by Christopher F. Baum ().