Abstract
Based upon the Nordhaus' model, we can analyze the political business cycle (PBC) of parliamentarian system. This is our point in this paper. Adding an uncertain factor in the Nordhaus' assumptions, we can get unemployment rate of optimal control path by using the dynamic optimal control theory. Comparing these two results, the model of political business cycle of parliamentarian system has higher elective frequency and lower amplitude in the unemployment rate of optimal control path. From the social welfare point of view, which one is better is hard to say? The social welfare is decided by voters' preferences when voters face these two type of PBC.
Keywords: Political business cycle (PBC). Parliamentarian system. The optimal
| Identifer | oai:union.ndltd.org:NSYSU/oai:NSYSU:etd-0618101-112911 |
| Date | 18 June 2001 |
| Creators | Jane, Wen-Jhan |
| Contributors | Shan-Non Chin, Peter C. Lin, Don M. Hong |
| Publisher | NSYSU |
| Source Sets | NSYSU Electronic Thesis and Dissertation Archive |
| Language | Cholon |
| Detected Language | English |
| Type | text |
| Format | application/pdf |
| Source | http://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0618101-112911 |
| Rights | off_campus_withheld, Copyright information available at source archive |
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