Abstract
Theoretical and empirical research on political business cycles, both opportunistic and partisan, is surveyed and discussed. The evidence for the existence of empirically significant opportunistic political business cycles is argued to be mixed.
This chapter was originally published in The New Palgrave Dictionary of Economics, 2nd edition, 2008. Edited by Steven N. Durlauf and Lawrence E. Blume
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Drazen, A. (2008). Political Business Cycles. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95121-5_1422-2
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DOI: https://doi.org/10.1057/978-1-349-95121-5_1422-2
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Publisher Name: Palgrave Macmillan, London
Online ISBN: 978-1-349-95121-5
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Chapter history
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Latest
Political Business Cycles- Published:
- 21 March 2017
DOI: https://doi.org/10.1057/978-1-349-95121-5_1422-2
-
Original
Political Business Cycle- Published:
- 16 November 2016
DOI: https://doi.org/10.1057/978-1-349-95121-5_1422-1