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Politics and unemployment in industrialized democracies
Veiga, Linda Gonçalves; Chappell Junior, HenryThis paper provides an empirical appraisal of the influence of politics on the evolution of unemployment rates in 13 industrialized democracies (12 European Union countries and the U.S.) from 1960 to 1999. We conduct new tests of opportunistic and partisan business cycle models, using richer data and more general specifications than previous studies. In contrast to most previous studies, we pay particular atten...
Economics and elections in Western Europe : 1960-1997
Veiga, Linda Gonçalves; Chappell Junior, HenryThis paper analyzes macroeconomic conditions and parliamentary election outcomes in 13 European countries over the 1960-1997 period. The analysis focuses on two themes. The first is that different macroeconomic theories imply that different economic indicators should be important for voters. The second is that political responsibility should condition voters’ responses to economic performance. We estimate a mod...
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