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Political and Business Cycles: Interferences and Socio-Economic Implications in Romania and Republic of Moldova

Author

Listed:
  • Percic Stanislav

    (Alexandru Ioan Cuza University of Iaºi, Romania)

  • Apostoaie Constantin-Marius

    (Alexandru Ioan Cuza University of Iaºi, Romania)

  • Ulian Galina

    (Moldova State University, Republic of Moldova)

Abstract

The electoral instability falls into the continuous shifts in paradigms, systems, values and economic performance which countries around the world still experience. We believe it is common sense that the election process in a democratic country has an important impact (even a manipulation effect) on its economy. In this context, this paper aims to test the interferences between the political cycle and the business cycle in Romania and Republic of Moldova. The paper aims to verify if the government has an expansionist policy before the elections, which leads to a lower level of taxes and unemployment and contributes, at the same time, to the increase of the consumption per inhabitant, of the GDP and of the subventions granted by the government, followed by a restrictive one.

Suggested Citation

  • Percic Stanislav & Apostoaie Constantin-Marius & Ulian Galina, 2014. "Political and Business Cycles: Interferences and Socio-Economic Implications in Romania and Republic of Moldova," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 163-168, May.
    • Handle: RePEc:ovi:oviste:v:xiv:y:2014:i:1:p:163-168
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    Citations

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    Cited by:

    1. Constantin-Marius APOSTOAIE, 2017. "Relevant Determinants Of The Political Parties’ Environmental Preference," Scientific Annals of Economics and Business (continues Analele Stiintifice), Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 63(3), pages 51-69, January.
    2. Apostoaie Constantin-Marius, 2016. "Relevant Determinants of the Political Parties’ Environmental Preference," Scientific Annals of Economics and Business, Sciendo, vol. 63(s1), pages 51-69, December.

    More about this item

    Keywords

    business cycle; political cycle; inflation; unemployment; economic growth;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination

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