political business cycles

Allan Drazen
From The New Palgrave Dictionary of Economics, Second Edition, 2008
Edited by Steven N. Durlauf and Lawrence E. Blume
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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.
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How to cite this article

Drazen, Allan. "political business cycles." The New Palgrave Dictionary of Economics. Second Edition. Eds. Steven N. Durlauf and Lawrence E. Blume. Palgrave Macmillan, 2008. The New Palgrave Dictionary of Economics Online. Palgrave Macmillan. 22 September 2017 <http://www.dictionaryofeconomics.com/article?id=pde2008_P000112> doi:10.1057/9780230226203.1298

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