Vote buying or (political) business (cycles) as usual?

• Verfasst von: Aidt, Toke [VerfasserIn]
• Verfasst von: Asatryan, Zareh [VerfasserIn]
• Verfasst von: Badalyan, Lusine [VerfasserIn]
• Verfasst von: Heinemann, Friedrich [VerfasserIn]
• Titel: Vote buying or (political) business (cycles) as usual?
• Verf.angabe: Toke Aidt, Zareh Asatryan, Lusine Badalyan, and Friedrich Heinemann
• Jahr: 2020
• Jahr des Originals: 2019
• Umfang: 17 S.
• Fussnoten: Posted online July 02, 2020 ; Gesehen am 12.08.2020
• Titel Quelle: Enthalten in: The review of economics and statistics
• Ort Quelle: Cambridge, Mass. : MIT Press, 1948
• Jahr Quelle: 2020
• Band/Heft Quelle: 102(2020), 3, Seite 409-425
• ISSN Quelle: 0034-6535
• DOI: doi:10.1162/rest_a_00820
• Datenträger: Online-Ressource
• Sprache: eng
• K10plus-PPN: 1726855155

Abstract

We report robust evidence of a new short-run monetary election cycle: the monthly growth rate of the money supply (M1) around elections is higher than in other months in a sample of low- and middle-income countries. We hypothesize this is related to systemic vote buying. Consistent with this, we find no cycle in authoritarian countries and countries with strong political institutions and a pronounced cycle in elections where international election monitors reported vote buying or in close elections. Using survey data on daily consumer expenditures, we show that within-household consumption of food increases in the days before elections.