Political Surfing Over Economic Waves: Parliamentary Election Timing in India
Document Type
Article
Language
eng
Format of Original
19 p.
Publication Date
11-1993
Publisher
Wiley
Source Publication
American Journal of Political Science
Source ISSN
0092-5853
Abstract
This paper develops a political-economic interaction model for India for the 1960-91 sample period. India presents an ideal case for testing the political business cycle theory in the context of a parliamentary democracy with endogenous election timing. Using a mixed qualitative and continuous variable simultaneous equation estimation procedure, the paper considers the two-way interaction that results from the control by the cabinet over election timing. Several conclusions can be derived from this study. First, the results indicate the presence of business cycle-electoral interaction in India. Second, there is strong support for the surfing hypothesis, implying that the Indian cabinet tends to ride on natural business waves. Third, no support is found for the manipulative hypothesis.
Recommended Citation
Chowdhury, Abdur, "Political Surfing Over Economic Waves: Parliamentary Election Timing in India" (1993). Economics Faculty Research and Publications. 213.
https://epublications.marquette.edu/econ_fac/213
Comments
Accepted version. This is the peer reviewed version of the following article: Chowdhury, Abdur R. “Political Surfing over Economic Waves: Parliamentary Election Timing in India”.American Journal of Political Science, Vol. 37, No. 4 (November 1993): 1100-1118, which has been published in final form at here: DOI. This article may be used for non-commercial purposes in accordance With Wiley Terms and Conditions for self-archiving.