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date: 11 December 2017

Abstract and Keywords

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

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