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Abstract


ECONOMY OF SELECTION AND ECONOMIC STABILITY RELATIONSHIP: APPLICATION TO TURKEY (1983-2001)

Elections, which are the most effective way to settle political will, are now being held along with many other areas. The relation between elections and economy is the foremost among these areas. In particular, the positive or negative effects of parliamentary elections on economic stability require such a relationship. The fact that both the existing governments and the other politicians acts with an economic-political point of view, the first to be re-elected and the latter to become power and reflecting this attitude to the policy in the ongoing process necessitates the examination of this situation which constitutes the compelling and inevitable relations. This situation, which shows itself as an expanded fiscal-monetary policy practices and a short-term deceptive prosperity before the election periods, and as an economic recession due to a contractive fiscal monetary policy after the election periods, is called as electoral economy. With the increase of implementations of the electoral economy, new theories were developed on this topic and it was tried to be explained from different perspectives. Especially, the theory of political conjuncture fluctuations and the theory of public choice can be shown as an example to this situation. For this reason, the process, which consists of elections, economy and voters who are the elements of this situation, has been the subject of this study, taking into account that this process should not be thought of independently and has complementary specifications. Accordingly, the aim of this study is to reveal the positive or negative effects of parliamentary elections on economic stability starting from the one-party government after the 1983 parliamentary elections, which was held three years after the 1980 military coup, until to the 2002 parliamentary elections. Thus, the results of economic stability or economic downturn, both before and after the parliamentary elections in relevant period, are assessed together with the elections. As a result, it has been determined that the elections had a negative impact on the four out of six electoral periods, and that economic stability or downturn affect the election results in the other two periods within the subject period.



Keywords
Choice, economy, stability, Turkey



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