From Specific to General in Electoral Cycle Models
Keywords:Electoral Cycles, Output Persistence
The article considers a way of generalizing the, so-called, stylized, which is also a specific model of electoral cycles. This generalization consists on assuming that the output level does indeed exhibit persistence, i.e. its current value (may be) being a function (also) of its past value. In an integrated way, the consequences of this generalization are analyzed.
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