Summary
In the last years, some publications appeared where so-called “political-economic cycles” were postulated.Hubka andObermann in one of the last issues of Empirica tried to find empirical evidence for this theory from the economic development in Austria. An examination of the methods applied in this study shows: The result do not proof as a (secure) evidence for or against the existence of any cyclical setting of administered prices and public expenditures. Finally some conditions are discussed, which must be fulfilled to bring about cyclical economic policies; informational requirements are shown, which are important for empirical verification.
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Literaturverzeichnis
R. Dinkel: Der Zusammenhang zwischen der ökonomischen und politischen Entwicklung in einer Demokratie. Berlin 1977.
B.S. Frey: Moderne Politische Ökonomie. München 1977.
Ph. Herder-Dorneich: Ein politisches Modell zur Wirtschaftstheorie. Freiburg 1967.
B. Hubka-G. Obermann: Zur Wahlzyklik wirtschaftspolitischer Maßnahmen — Ein empirischer Test der Stimmenmaximierungshypothese. Empirica 1/1977, S. 57–83.
R.E. Wagner: Economic Manipulation for Political Profit: Macroeconomic Consequences and Constitutional Implications. Kyklos, Vol. 30, 1977, S. 395–410.
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Dinkel, R. Die Wahlabhängigkeit wirtschaftspolitischer Maßnahmen. Empirica 5, 127–133 (1978). https://doi.org/10.1007/BF00925223
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DOI: https://doi.org/10.1007/BF00925223