Publication detail

Models of Political Cycles: The Czech Experience

Author(s): Mgr. Radka Štiková Ph.D.,
Type: IES Working Papers
Year: 2007
Number: 18
ISSN / ISBN:
Published in: IES Working Papers 2007/18
Publishing place: Prague
Keywords: fiscal policy, political cycle, models of political business cycle, partisan theories
JEL codes: E32, E61, E62, C22
Suggested Citation: Štiková, R. (2007). “ Modely politického cyklu a jejich testování na podmínkách ČR. ” IES Working Paper 18/2007. IES FSV. Charles University.
Grants: IES Research Framework Institutional task (2005-2011) Integration of the Czech economy into European union and its development
Abstract: This paper studies whether the dynamic behavior of real GDP, unemployment and inflation is systematically affected by the timing of elections and by changes of governments in the Czech Republic. Two basic models of political cycles are tested – the political business cycle models and the partisan theories. The political business cycle models emphasize opportunistic behavior of politics who strive to achieve own reelection regardless of their party membership. On the other hand partisan politicians are faithful to their ideological opinions and therefore they attract only specific number of people. The results of the tests partly confirmed validity of opportunistic motivations in behavior of the Czech politicians. On the contrary suppositions of the partisan theories were not proved.
Downloadable: WP 2007_18 Stikova

Partners

Deloitte

Sponsors

CRIF
McKinsey
Patria Finance