Political Business Cycles in Varieties of Capitalistic Systems

Joscha Beckmann, Rainer Schweickert and Marvin Jahn

Open Access Publications from Kiel Institute for the World Economy from Kiel Institute for the World Economy (IfW Kiel)

Abstract: This study contributes to the literature on political business cycles by assessing the effect of elections on growth expectations based on expert survey data instead of using actual performance data. We analyze the different roles opportunistic and partisan politics play in varieties of capitalistic systems as a source of heterogeneity. Our results show that expectations differ remarkably between Liberal and Coordinated Market Economies (LME vs. CME) even independent of election outcomes.

Keywords: expectations; political business cycles; varieties of capitalism (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwkie:323860

DOI: 10.1111/ecpo.12331

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