This article studies the contextual determinants of incumbents' ability and incentives to engineer political business cycles in American states. It presents a short review of related literature to clarify how and why the theory of political budget cycles evolved. It describes the data and methodology — single estimation method of dynamic panel analysis — used in the study. The results of the study are discussed in the latter part of the article.
Keywords: contextual determinants; political business cycles; theory; data; methodology; single estimation method; dynamic panel analysis; results
Article. 9635 words.
Subjects: Comparative Politics ; Political Institutions
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