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Political instability and economic fluctuations in the Republic of Korea

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  • Byung Soh

Abstract

This paper investigates the interaction between political instability and economic fluctuations during the late President Chung Hee Park's regime. The timings and outcomes of the elections are juxtaposed with the phases of business cycles and analyzed. Since no Korean data that are comparable to Gallup poll popularity indices for the U.S. Presidents exist, indices to measure popular discontent with Park's regime and to measure international tensions are devised. These indices are statistically analyzed with economic indicators for the business cycles, and with economic policy measures. Copyright Kluwer Academic Publishers 1988

Suggested Citation

  • Byung Soh, 1988. "Political instability and economic fluctuations in the Republic of Korea," Public Choice, Springer, vol. 57(3), pages 259-274, June.
    • Handle: RePEc:kap:pubcho:v:57:y:1988:i:3:p:259-274
    DOI: 10.1007/BF00124809
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    References listed on IDEAS

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    1. Frey, Bruno S & Schneider, Friedrich, 1978. "An Empirical Study of Politico-Economic Interaction in the United States," The Review of Economics and Statistics, MIT Press, vol. 60(2), pages 174-183, May.
    2. Fair, Ray C, 1978. "The Effect of Economic Events on Votes for President," The Review of Economics and Statistics, MIT Press, vol. 60(2), pages 159-173, May.
    3. Byung Hee Soh, 1986. "Political Business Cycles in Industrialized Democratic Countries," Kyklos, Wiley Blackwell, vol. 39(1), pages 31-46, February.
    4. William D. Nordhaus, 1975. "The Political Business Cycle," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 42(2), pages 169-190.
    5. Kramer, Gerald H., 1971. "Short-Term Fluctuations in U.S. Voting Behavior, 1896–1964," American Political Science Review, Cambridge University Press, vol. 65(1), pages 131-143, March.
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    Cited by:

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    2. Jakob de Haan & Franziska Ohnsorge & Shu Yu, 2023. "Election-Induced Fiscal Policy Cycles in Emerging Market and Developing Economies," CESifo Working Paper Series 10868, CESifo.
    3. Amara, Jomana, 2012. "Implications of military stabilization efforts on economic development and security: The case of Iraq," Journal of Development Economics, Elsevier, vol. 99(2), pages 244-254.
    4. Oriola, Hugo, 2023. "Political monetary cycles: An empirical study," European Journal of Political Economy, Elsevier, vol. 79(C).
    5. Arslan Razmi, 2018. "Politics-Driven Exchange Rate Cycles : East Asia vs. Latin America," UMASS Amherst Economics Working Papers 2018-14, University of Massachusetts Amherst, Department of Economics.
    6. Eric Dubois, 2016. "Political Business Cycles 40 Years after Nordhaus," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-01291401, HAL.
    7. Eric Dubois, 2016. "Political Business Cycles 40 Years after Nordhaus," Post-Print hal-01291401, HAL.
    8. Arslan Razmi, 2022. "The real consequences of policy‐driven exchange rate cycles: A stylized comparison of East Asia and Latin America," Manchester School, University of Manchester, vol. 90(2), pages 190-212, March.

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