Political Cycles : The Opposition Advantage
Data
01.01.2005
01.01.2005
Autori
Pascal Gautier, Raphaël Soubeyran
Codice JEL
D72,H41,C72
D72,H41,C72
Parole chiave:
Cycles,Alternation,Public goods,Advantage,Opposition
Cycles,Alternation,Public goods,Advantage,Opposition
Publisher
Economy and Society
Economy and Society
Editor
Fausto Panunzi
Fausto Panunzi
We propose a two dimensional infinite horizon model of public consumption in which investments are decided by a winner-take-all election. Investments in the two public goods create a linkage across periods and parties have different specialities. We show that the incumbent party vote share decreases the longer it stays in power. Parties chances of winning do not converge and, when the median voter is moderate enough, no party can maintain itself in power for ever. Finally, the more parties are specialized and the more public policies have long-term effects, the more political cycles are likely to occur.
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