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Title:Pakistan, politics and political business cycles PDF Logo
Authors:Batool, Irem
Sieg, Gernot
Issue Date:2009
Series/Report no.:Economics Department Working Paper Series 7
Abstract:This paper studies whether in Pakistan the dynamic behavior of unemployment, inflation, budget deficit and real GDP growth is systematically affected by the timing of elections. We cover the period from 1973-2009. Our results can be summarized as follows: 1. Unemployment tends to be lower in pre-election periods and tends to increase immediately after elections, perhaps as a result of politically motivated employment schemes. 2. In ation tend to be lower in preelection periods, perhaps as a result of pre-electoral price regulation. 3. We find election year increases in the governmental budget deficit, financed by heavy government borrowings from the central bank and banking sector. 4. Real GDP growth and real governmental investment growth declines during pre and post election terms.
Subjects:Opportunistic Political Business Cycle
Fiscal Policy
Macroeconomics
Elections
Asia
Pakistan
JEL:D72
D78
H50
H61
E51
Document Type:Working Paper
Appears in Collections:Economics Department Working Paper Series, TU Braunschweig

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