Factors affecting the success of the election economy in developed and developing countries (Some examples about Turkey)

Main Article Content

Engin Hepaksaz

Abstract

Despite the risk of deterioration of the balance of budget and economy during election periods, the parties can go to election economy applications in order to remain in power depending on competition between themselves. Especially the incumbent uses fiscal policies for reelection purposes. Here the incumbent intends to secure reelection by maximizing his expected vote share at the next election and follow expansionary policies just before the elections and reverse the trend after the elections in order to smooth the negative effects of pre-election budget deficit. All these applications may cause deterioration of budget balances, budget deficit and economic instability leading to an increase in debt with a significant increase of public spending relative to tax revenues. But in terms of election economy not only the public policies but also the other factors (level of development, institutional quality and media access, level of democracy, political and economic crisis, constitutional rules, transparency etc.) play a key role which focus on the idea of heterogeneity across countries. In this study, factors affecting the success of the election economy in developed and developing countries are evaluated and some examples are given about Turkey’s 30-year period of elections from 1983 to 2015.

Keywords: election economy, ruling party, budget deficit, turkey

Downloads

Download data is not yet available.

Article Details

How to Cite
Hepaksaz, E. (2016). Factors affecting the success of the election economy in developed and developing countries (Some examples about Turkey). New Trends and Issues Proceedings on Humanities and Social Sciences, 2(2), 68–75. https://doi.org/10.18844/prosoc.v2i2.417
Section
Articles

References

Baum, F. C., Caglayan, M., & Talavera, O. (2010). Parliamentary Election Cycles and The Turkish Banking Sector, Journal of Banking and Finance, 34, 2709-2719.

Buran, H., (2005). Turkiye’de Parlamento Seçimleri, Yerel Seçimlerde Karsılasılan Bazı Sorunlar ve Çozum Onerileri, Icinde: 21. yy. Esiginde Turkiye’de Siyasal Hayat, I. Cilt, Istanbul.

Ekber, Y.A. Tarım 2007 Bilançosu, August 09, 2014 from: http://www.tarimdunyasi.net/?p=45

Haan, J. & Klomp, J. (2013). Conditional political budget cycles: a review of recent evidence, Public Choice, 157, 387-410.

Hotunluoglu, H., & Tekeli, R. (2013). Budget Deficits and Democracy: The Case of Turkey, Sosyoekonomi, 130117, 335-350

ITO. (1999). Turkiye’de Tarimsal Destekleme ve Taban Fiyatlari Politikasi, Yayin No: 62, İstanbul.

Karakas, M. (2013). Political Business Cycle in Turkey: A Fiscal Approach, Yonetim ve Ekonomi, Volume 20, Number: 1, CBU Ä°Ä°BF, 245-262.

Kusat, N., & Dolmaci, N. (2011) “The Evaluation of Election Economics in the Frame of the Concept of Public Choiceâ€, C.U. Journal of Economics and Administrative Science, 12(1), 129-146.

Onis, Z. (2010). Crises and Transformations in Turkish Political Economy, Turkish Policy Quarterly, Volume 9, Number 3, 45-61

Oz, E., & Hepaksaz, E. (2008). Turkiye’de Kamu Harcamaları-Vergi Etkilesimi: Siyasi Perspektiften Bir Degerlendirme (1983-2007), Yonetim ve Ekonomi Bilimleri Konferansı, Cilt 3, 1, 65-80.

Sakal, M. (1998). Siyasal Karar Alma Surecinde Yer Alan Aktorler ve Rolleri, DEU Ä°Ä°BF, C.13, 211-230.

Tecer, M. (2003). Turkiye Ekonomisi, TODAÄ°E Yayinlari, No: 317, Ankara.

Verne, C. (2009). Turnout in Developing Countries: The Effect of Mass Media on National Voter Participation, HAL archives-ouvertes.fr, 1-36.

Yıldırım, E. & Yıldırım, R. (2001). 1980 Sonrasi Uygulanan Maliye Politikalari ve Turkiye Ekonomisi Uzerindeki Etkileri, 16. Turkiye Maliye Sempozyumu, Antalya.