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Political Cycles and International Interdependence

Mario Menegatti

Economia Internazionale / International Economics, 2005, vol. 58, issue 3, 353-365

Abstract: This paper studies the features of political cycles in a setting of international interdependence caused by inflation linkages. The main results are the following. Political cycles caused by domestic elections are larger than without international linkages. Political cycles caused by domestic and foreign elections have opposite effects. If elections are held simultaneously at home and abroad, the amplitude of the cycle is smaller when the winning coalition is the same and larger when the winner is different. In all cases analysed not only the amplitude but also the sign of the cycles depends on the openness of the countries examined.

Keywords: Political cycles; Elections; International interdependence (search for similar items in EconPapers)
JEL-codes: E22 E60 (search for similar items in EconPapers)
Date: 2005
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http://www.iei1946.it/RePEc/ccg/MENEGATTI%20353_365.pdf Full text (application/pdf)

Related works:
Working Paper: Political cycles and international interdependence (2002)
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