Friday, February 12, 2010

Political Business Cycle in Employment

Elections as a stimulus to the economy

"According to Director of the Sociological Service of the Razumkov Center for Economic and Political Studies Andriy Bychenko, this January the unemployment rate temporary became lower thanks to the election.

"Many enterprises get additional orders and the people - temporary work," Bychenko has said.

However, he believes that after the new President swears an oath there will be more jobless persons since the state of the economy has not fundamentally changed.

"According to our data, today there are 12.5% of the unemployed in the country. There are many persons among them who are not registered at employment centers," Bychenko said.

According to him, the future election to local councils can improve the situation temporary"."


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