Political legislation cycle in the Czech Republic

被引:10
|
作者
Brechler, Josef [1 ,2 ]
Gersl, Adam [2 ,3 ]
机构
[1] Czech Natl Bank, Financial Stabil Dept, Prikope 28, Prague 11503 1, Czech Republic
[2] Charles Univ Prague, Inst Econ Studies, Prague, Czech Republic
[3] Joint Vienna Inst, A-1060 Vienna, Austria
关键词
Political business cycle; Economic theory of legislation; Voters; Negative binomial regression;
D O I
10.1007/s10602-013-9149-4
中图分类号
D9 [法律]; DF [法律];
学科分类号
0301 ;
摘要
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.
引用
收藏
页码:137 / 153
页数:17
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