Publication detail

Political Legislation Cycle in the Czech Republic

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.

Partners

Deloitte

Sponsors

CRIF
McKinsey
Patria Finance