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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Drazen, A. (2018). Political Business Cycles. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_1422
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DOI: https://doi.org/10.1057/978-1-349-95189-5_1422
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Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-95188-8
Online ISBN: 978-1-349-95189-5
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