scholarly journals Vote Buying or (Political) Business (Cycles) as Usual?

2015 ◽  
Author(s):  
Toke Skovsgaard Aidt ◽  
Zareh Asatryan ◽  
Lusine Badalyan ◽  
Friedrich Heinemann
Keyword(s):  
Business Cycles ◽  
Vote Buying ◽  
Political Business Cycles

scholarly journals Vote Buying or (Political) Business (Cycles) as Usual?

2020 ◽  
Vol 102 (3) ◽  
pp. 409-425 ◽  
Author(s):  
Toke Aidt ◽  
Zareh Asatryan ◽  
Lusine Badalyan ◽  
Friedrich Heinemann
Keyword(s):  
Business Cycles ◽  
Political Institutions ◽  
Vote Buying ◽  
Election Cycle ◽  
Political Business Cycles ◽  
Middle Income ◽  
Middle Income Countries ◽  
Consumer Expenditures ◽  
Short Run ◽  
Robust Evidence

We report robust evidence of a new short-run monetary election cycle: the monthly growth rate of the money supply (M1) around elections is higher than in other months in a sample of low- and middle-income countries. We hypothesize this is related to systemic vote buying. Consistent with this, we find no cycle in authoritarian countries and countries with strong political institutions and a pronounced cycle in elections where international election monitors reported vote buying or in close elections. Using survey data on daily consumer expenditures, we show that within-household consumption of food increases in the days before elections.

scholarly journals Vote Buying or (Political) Business (Cycles) as Usual?

2015 ◽  
Author(s):  
Toke Skovsgaard Aidt ◽  
Zareh Asatryan ◽  
Lusine Badalyan ◽  
Friedrich Heinemann
Keyword(s):  
Business Cycles ◽  
Vote Buying ◽  
Political Business Cycles

scholarly journals Vote Buying or (Political) Business (Cycles) as Usual?

2015 ◽  
Author(s):  
Toke Skovsgaard Aidt ◽  
Zareh Asatryan ◽  
Lusine Badalyan ◽  
Friedrich Heinemann
Keyword(s):  
Business Cycles ◽  
Vote Buying ◽  
Political Business Cycles
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