A Study of the Electoral Business Cycle in Japan: Elections and Government Spending on Public Construction
A Study of the Electoral Business Cycle in Japan: Elections and Government Spending on Public Construction
复制标题
日本选举经济周期研究:选举和政府公共建设支出
DOI:
10.2307/422311
复制
发表时间:
1990
影响因子:
2.3
通讯作者:
Yoshitaka Nishizawa
中科院分区:
文献类型:
--
作者:
M. Kohno;Yoshitaka Nishizawa
The recent literature on the electoral business cycle has tried to explore the relationship between the timing of national elections and economic conditions in modem capitalist democracies. A variety of studies, both theoretical and empirical, have been conducted on the subject. They share a common theme. In an attempt to win elections the incumbent government will manipulate the economy in order to attract the most votes. As a result of this manipulation, certain economic indicators fluctuate over time so that the peaks in the series synchronize with the timing of elections.' This paper examines the nature of the electoral business cycle in Japan and seeks to identify the Liberal Democratic Party (LDP) government's attempt to manipulate the economy for electoral purposes. Earlier studies, such as those by Inoguchi and Tufte, suggest that an electoral business cycle exists in Japan, but they do not specify what political instruments are available for manipulating short-term economic well-being.2 Inoguchi, in particular, claims that the apparent cycle in Japan is caused not so much by political manipulation of the economy, but rather by adjusting the timing of elections to the peaks of the economy. We will challenge Inoguchi's assessment, (1) by showing that the LDP government has not always been capable of controlling the timing of elections and (2) by presenting evidence to indicate that it has taken advantage of government spending on public construction for electoral purposes.