Akhmedov, Akhmed; Ravitchev, Alexei; Zhuravskaya, Ekaterina - C.E.P.R. Discussion Papers - 2003
, empirical literature has found fairly weak evidence of opportunistic political cycles. This Paper tests the theory in a decade … sizable and short-lived on average; (2) the magnitude of opportunistic cycles decreases with voters' rationality and awareness … incumbent governors. Our results confirm that maturity of democracy as well as rationality and awareness of the electorate are …
