摘要：The political business cycle can be seen as a business cycle that results from the manipulation of policy tools (fiscal policy, monetary policy) by incumbent politicians in hope to stimulating the economy just prior to an election and thereby greatly improving their own and their party's re -election chances or from the competition amongst political parties with the different ideologies. The first model on political business cycles was developed by Nordhaus. It is based on the assumptions that politicians care only about their re-election and voters judge the incumbent's performance by the state of the economy. In this paper are presented the cyclic effects of elections in the developing countries, being presented also the Romanian case in the period 1990-2000.
关键词：political business cycle; elections; developing;countries
