Open AccessAmerican And British Political Business Cycles: A Time Series Approach
Author(s) -
Ronald S. Koot,
J. Keith Ord,
Peg Young
Publication year - 2011
Publication title -
journal of applied business research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.149
H-Index - 22
eISSN - 2157-8834
pISSN - 0892-7626
DOI - 10.19030/jabr.v8i2.6161
Subject(s) - politics , unemployment , intervention (counseling) , power (physics) , state (computer science) , psychological intervention , business cycle , economics , personal income , political economy , political science , labour economics , macroeconomics , law , psychology , computer science , physics , algorithm , quantum mechanics , psychiatry
Intervention analysis was employed to determine the existence of political business cycles in the United States and the United Kingdom; the two economic variables tested were unemployment and disposable personal income. The political intervention variables were the party in power, the timing of the elections, the incumbent running for re-election, and the existence of a state of war. The technique proved successful at showing significant interventions.