Mendeley
TY  _  JOUR
ID  -  139412021412401137
TI  -  Political Business Cycle: Political Arguments for Economic Instabilities
JO  -  Pizhūhish-i siyāsat-i nazāri
JA  -  ES
LA  -  fa
SN  -  2008-5796
AU  -   
AD  -  دانشگاه اصفهان
Y1  -  2010
PY  -  2010
VL  -  7
IS  -  
SP  -  1
EP  -  10
KW  -  election
economic instabilities
 opportunistic political business cycle
 partisan political business cycle
 interdisciplinary approach
DO  -  
N2  -  Reviewing economic literature indicates that economists were emphasizing on economic factors as causes of economic instabilities until 1970s. But since then, political economists emerged who attributed economic instability to factors other than economic ones. Offering theories such as political business cycle, they tried to prove that political factors lead to economic instabilities. They offered opportunistic political business cycles and partisan political business cycles that respectively, attributed the economic instabilities to election, and to replacement of political parties. To elaborate this literature, the present article first focuses on these two kinds of political business cycles and tries to explain through which mechanisms  political factors cause instabilities in economic sphere. It considers political business cycles as a sign of "bringing the politics back in economics" an idea which is an obsolete thought, dating back to the past two centuries. Finally, the article indicates that "bringing the politics back in economics" can question those economists who insist in separation of economics from politics, and emphasizes interdisciplinary studies developed in the recent decades.


UR  - rimag.ir/en/Article/11798
L1  - rimag.ir/en/Article/Download/11798
ER  -  
