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IR18-017_Albalate+Bel.pdf (1.36 MB)

Tipus de document

Document de treball

Data de publicació

2018

Llicència de publicació

cc-by-nc-nd, (c) Albalate et al., 2018
Si us plau utilitzeu sempre aquest identificador per citar o enllaçar aquest document: https://hdl.handle.net/2445/125086

Do government formation deadlocks damage economic growth? Evidence from history's longest period of political deadlock [WP]

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Resum

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.

Matèries

Govern parlamentari, Teoria econòmica, Política

Matèries (anglès)

Cabinet system, Economic theory, Practical politics

Citació

Col·leccions

Documents de treball (Institut de Recerca en Economia Aplicada Regional i Pública (IREA))

Citació

ALBALATE, Daniel and BEL I QUERALT, Germà. Do government formation deadlocks damage economic growth? Evidence from history's longest period of political deadlock [WP]. IREA – Working Papers. 2018. Vol.  IR18/17. [consulted: 15 of August of 2026]. Available at: https://hdl.handle.net/2445/125086

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