Saturday, December 19, 2009

When does Politics Matter

An interesting hypothesis which one regularly hears about Ukraine: when the economy does well, there's no influence of politics on economics, but when things go bad economically, politics can make a difference. It would be interesting to test this and see whether this is just an optical illusion (that is, politics matters always and growth would have been even more positive if politics was done well) or whether there is indeed an asymmetric effect.

No comments:

Post a Comment