Advertisement

Politico-Economic Models and the Economic Theory of Government Behaviour: Some Problems and Results

  • Jean-Dominique Lafay

Abstract

This paper presents an appraisal of the politico-economic modelling of government behaviour, based on the author’s own French/European experience. The first main section outlines briefly the normative/positive problem in public economics and its analytical consequences; the second deals with politico-economic models in industrialised democracies; the third surveys results for less developed countries (LDCs) and nondemocratic cases.

Keywords

Monetary Policy Central Bank International Monetary Fund Reaction Function Indifference Curve 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. Alesina, A. and J. Sachs. 1988. ‘Political Parties and the Business Cycle in the US, 1948–1984.’ Journal of Money, Credit, and Banking 20: 63–82.CrossRefGoogle Scholar
  2. Alt, J.E. and K.A. Chrystal. 1983. Political Economics. Brighton: Wheatsheaf Books.Google Scholar
  3. Andersen, T.M. and F. Schneider. 1985. Public Decision Process in Fiscal and Monetary Policies Under Different Institutional Arrangements. Aarhus: Institute of Economics, University of Aarhus, mimeographed.Google Scholar
  4. Aubin, C. 1983. Intégration du comportement de la Banque centrale dans une analyse positive de la politique monétaire. Thèse de doctorat d’Etat. Poitiers: Université de Poitiers.Google Scholar
  5. Aubin, C. and D. Goyeau. 1986. Les influences politiques sur les comportements économiques privés: l’investissement des entreprises en France. Poitiers: IRAPE, Université de Poitiers, mimeographed.Google Scholar
  6. Aubin, C. and J.D. Lafay. 1990. L’analyse positive de la politique monétaire et son application au cas français (1974.01–1986.03). Poitiers and Paris: Université de Poitiers and LAEP, Université de Paris I, mimeographed.Google Scholar
  7. Aubin, C., J.P. Berdot, D. Goyeau and J.D. Lafay. 1985a. Un modèle politico-économique de la France (1966–1982). Poitiers: IRAPE, Université de Poitiers, mimeographed.Google Scholar
  8. Aubin, C., J.P. Berdot, D. Goyeau and J.D. Lafay. 1985b. A Complete Politico-Economic Model of the French Economy (1966–1982). Poitiers: CEDS, University of Poitiers, mimeographed.Google Scholar
  9. Barro, R.J. and D.B. Gordon. 1983. ‘A Positive Theory of Monetary Policy in a Natural-Rate Model.’ Journal of Political Economy 91.Google Scholar
  10. Becker, G.S. 1981. A Treatise on the Family. Cambridge: Cambridge University Press.Google Scholar
  11. Blackburn, K. and M. Christensen. 1989. ‘Monetary Policy and Policy Credibility: Theories and Evidence.’ Journal of Economic Literature 27: 1–45.Google Scholar
  12. Blinder, A.S. and R.M. Solow. 1974. ‘Analytical Foundations of Fiscal Policy.’ In The Economics of Public Finance, eds A.S. Blinder, R.M. Solow, G.F. Break P.O. Steiner and D. Netzer. Washington DC: The Brookings Institution.Google Scholar
  13. Breton, A. 1991. Organizational Hierarchies and Bureaucracies: An Integrative Essay. Toronto: University of Toronto, mimeographed.Google Scholar
  14. Cairncross, A. 1985. ‘Economics in Theory and Practice.’ American Economic Review 75: 1–14.Google Scholar
  15. Coughlin, P.J. 1991. Probabilistic Voting Theory. Cambridge: Cambridge University Press.Google Scholar
  16. Frey, B.S. 1978. Modern Political Economy. Oxford: Mart in Robertson.Google Scholar
  17. Frey, B.S. and R. Eichenberger. 1992. Economic Analysis of Stabilization Programmes in Developing Countries. Paris: OECD Development Centre.Google Scholar
  18. Hibbs, D. 1991. The Partisan Model of Macroeconomic Cycles: More Theory and Evidence for the United States. Stockholm: Trade Union Institute for Economic Research.Google Scholar
  19. Jérôme, B., J.D. Lafay and M.S. Lewis-Beck. 1993. Elections législatives de mars 1993: Prévisions politico-économiques par région. Document technique. Paris: LAEP, Université de Paris I, mimeographed.Google Scholar
  20. Lafay, J.D. 1988. ‘Bureaucracy in the Macro-Theory of Public Sector Behavior.’ European Journal of Political Economy 4: 77–94.Google Scholar
  21. Lafay, J.D. 1991. ‘Political Dyarchy and Popularity Functions: Lessons from the 1986 French Experience.’ In Economics and Politics: The Calculus of Support eds H. Norpoth, M.S. Lewis-Beck and J.D. Lafay. Ann Arbor: The University of Michigan Press.Google Scholar
  22. Lafay, J.D. 1993. ‘The Silent Revolution of Probabilistic Voting.’ In Preferences and Democracies, eds A. Breton, G. Galeotti, P. Salmon and R. Wintrobe. Dordrecht: Kluwer Academic Press.Google Scholar
  23. Lafay, J.D. and J. Lecaillon. 1993. The Political Dimension of Economic Adjustment. Paris: OECD.Google Scholar
  24. Lecaillon, J. and J.D. Lafay. 1988. ‘Idéologie politique et comportement des gouvernements: étude économétrique du cas français.’ In L’impact du libéralisme sur les institutions et les politiques économiques, eds J.P. Betbtze, G. GallaisHamonno, J.D. Lafay, P. Llau and G. Terny. Paris: Nathan.Google Scholar
  25. Lewis-Beck, M.S. 1988. Economics and Elections, The Major Western Democracies. Ann Arbor: The University of Michigan Press.Google Scholar
  26. Morrisson, C., J.D. Lafay and S. Dessus. 1993. La faisabilité politique de l’ajustement en Afrique ( 1980–1990 ). Paris: OECD Development Centre.CrossRefGoogle Scholar
  27. Nannestad, P. and M. Paldam. 1992. The VP-Function: A Survey of the Literature on Vote and Popularity Functions. Aarhus: University of Aarhus, mimeographed.Google Scholar
  28. Schneider, F. 1992. Public Choice—Economic Theory of Politics: A Survey of Selected Areas. Linz: Johannes Kepler Universitat.Google Scholar
  29. Stein, H. 1986. ‘The Washington Economics Industry.’ American Economic Review 76: 1–9.Google Scholar
  30. Tullock, G. 1987. Autocracy. Dordrecht: Martinus Nijhof.CrossRefGoogle Scholar
  31. Wintrobe, R. 1989. The Tinpot and the Totalitarian: A Simple Economic Theory of Dictatorship. London: University of Western Ontario, mimeographed.Google Scholar

Copyright information

© Palgrave Macmillan, a division of Macmillan Publishers Limited 1996

Authors and Affiliations

  • Jean-Dominique Lafay

There are no affiliations available

Personalised recommendations