search query: @author Stone, J. A. / total: 5
reference: 1 / 5
« previous | next »
| Author: | Haynes, E. S. Stone, J. A. |
| Title: | An integrated test for electoral cycles in the U. S. economy |
| Journal: | Review of Economics and Statistics
1989 : AUG, VOL. 71:3, p.426-434 |
| Index terms: | USA GROSS NATIONAL PRODUCT ELECTIONS UNEMPLOYMENT POLICY |
| Language: | eng |
| Abstract: | The first integrated test of the electoral model of business cycles is offered. The test begins with unrestricted estimates of Presidential electoral patterns in USA economic outcomes (real GNP, unemployment, and inflation) and policies (money growth and the adjusted budget surplus). These estimates are then used to determine whether the estimated electoral patterns in macropolicy yield predicted electoral patterns for macro outcomes that are consistent with estimates of both actual electoral patterns in outcomes. Policies are strongly significant for the United States for the period 1951II to 1966II. |
« previous | next »
SCIMA