Publication details
The effect of the cabinet’s ideological composition on economic growth in the Visegrád countries
| Authors | |
|---|---|
| Year of publication | 2021 |
| Type | Article in Periodical |
| Magazine / Source | Journal of Contemporary Central and Eastern Europe |
| MU Faculty or unit | |
| Citation | |
| web | https://www.tandfonline.com/doi/full/10.1080/25739638.2021.1958479 |
| Doi | http://dx.doi.org/10.1080/25739638.2021.1958479 |
| Keywords | Central and Eastern European countries; government ideology; political parties; economic growth; hierarchical model |
| Attached files | |
| Description | This article examines the relationship between the ideological composition of government cabinets and changes in economic activities in the Central European Region. Often, electoral rhetoric about right-wing governments being financially prudent and left-wing governments being “tax and spend” actors still holds sway in public discussion. However, empirical analysis and academic research have rarely backed such claims. The research hypothesis is that economic activity is mostly independent of who governs, also known as policy convergence. The article aims to test the policy convergence thesis on four Visegrád countries (the Czech Republic, Hungary, Poland, and Slovakia). The research applied hierarchical models to estimate the effects of the ideological composition of the cabinet on the quarterly change of real GDP while controlling for other relevant predictors. The results confirmed the policy convergence thesis because the effects of various cabinets were neither substantial nor meaningful. |
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