The Open Politiconomy : a dynamis analysis of social democratic popularity and economic policies in Scandinavia
By: MIDTBO, Tor
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ArticlePublisher: Cambridge : Cambridge University Press, January 1998British Journal of Political Science 28, 1, p. 93-112Abstract: The political economy literature has not considered in detail the dynamic interrelationship between one politico-economic system and another. To fill this lacuna, the author uses a VAR model to study the relationship between social democratic popularity and the economy not only within but also between the Scandinavian countries. In addition to the expected macroeconomic interdependence, there is empirical support for the traditional partisan theory. Economic voting is found only in Denmark. Social democratic popularity. Anincrease in the popularity of the social democrats eventually causes higher inflation. In particular, the popularity of the Swedish Social Democrats creates inflationary in Sweden, and this pressure is exported to Denmark and Norway as well
The political economy literature has not considered in detail the dynamic interrelationship between one politico-economic system and another. To fill this lacuna, the author uses a VAR model to study the relationship between social democratic popularity and the economy not only within but also between the Scandinavian countries. In addition to the expected macroeconomic interdependence, there is empirical support for the traditional partisan theory. Economic voting is found only in Denmark. Social democratic popularity. Anincrease in the popularity of the social democrats eventually causes higher inflation. In particular, the popularity of the Swedish Social Democrats creates inflationary in Sweden, and this pressure is exported to Denmark and Norway as well
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