| Author(s): |
doc. PhDr. Adam Geršl Ph.D.,
|
| Type: |
Articles in journals with impact factor |
| Year: |
2013 |
| Number: |
0 |
| ISSN / ISBN: |
1043-4062 |
| Published in: |
Springer US |
| Publishing place: |
|
| Keywords: |
political business cycle; economic theory of legislation; voters; negative binomial regression |
| JEL codes: |
H61, H62, C49 |
| Suggested Citation: |
|
| Grants: |
GACR 402/08/0501 (2008-2010) Political Economy of Public Spending
GACR 403/10/1235 (2010-2014) Institutional Responses to Financial Market Failures
|
| Abstract: |
Politicians’ efforts to stay in office may lead to the occurrence of political cycles in legislation activity. The aim of this article is to analyze the political legislation cycles in a post-socialist economy of a young democracy, namely in the Czech Republic. Our estimation of the relationship between the number of approved laws and various explanatory variables suggests that the timing of elections has an impact on legislation activity. As an electoral term matures and upcoming elections approach, an increase is observed in legislation activity through which an incumbent government seeks to maximize its chances of re-election. |
