Pakistan, politics and political business cycles

Arbeitspapier

This paper studies whether in Pakistan the dynamic behavior of unemployment, inflation, budget deficit and real GDP growth is systematically affected by the timing of elections. We cover the period from 1973-2009. Our results can be summarized as follows: 1. Unemployment tends to be lower in pre-election periods and tends to increase immediately after elections, perhaps as a result of politically motivated employment schemes. 2. In ation tend to be lower in preelection periods, perhaps as a result of pre-electoral price regulation. 3. We find election year increases in the governmental budget deficit, financed by heavy government borrowings from the central bank and banking sector. 4. Real GDP growth and real governmental investment growth declines during pre and post election terms.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Economics Department Working Paper Series ; No. 7

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior ; Positive Analysis of Policy Formulation and Implementation ; National Government Expenditures and Related Policies: General ; National Budget; Budget Systems ; Money Supply; Credit; Money Multipliers
• Thema: Opportunistic Political Business Cycle ; Fiscal Policy ; Macroeconomics ; Elections ; Asia ; Pakistan

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Batool, Irem ; Sieg, Gernot
• Ereignis: Veröffentlichung
• (wer): Technische Universität Braunschweig, Institut für Volkswirtschaftslehre
• (wo): Braunschweig
• (wann): 2009

Weitere Informationen

• Handle: http://hdl.handle.net/10419/51317
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ