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Title: Do government formation deadlocks damage economic growth? Evidence from history's longest period of political deadlock
Author: Albalate, Daniel, 1980-
Bel i Queralt, Germà, 1963-
Keywords: Govern parlamentari
Teoria econòmica
Cabinet System
Economic theory
Practical politics
Issue Date: 2018
Publisher: Universitat de Barcelona. Facultat d'Economia i Empresa
Series/Report no: [WP E-IR18/17]
Abstract: Several countries have experienced lengthy periods of political deadlock in recent years, as they have sought to form a new government. This study examines whether government formation deadlocks damagea country’s economy. To do so, we analyze the case of Belgium, which took a record 541 days to create a post-election government, following the June 2010 federal elections. Employing the synthetic control method, our results show that the Belgian economy did not suffer an economic toll; on the contrary, GDP per capita growth was higher than would have otherwise been expected. As such, our evidence contradicts frequent claims that long periods of government formation deadlock negatively affect an economy.
Note: Reproducció del document publicat a:
It is part of: IREA – Working Papers, 2018, IR18/17
Appears in Collections:Documents de treball (Institut de Recerca en Economia Aplicada Regional i Pública (IREA))

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