IS THERE ELECTORAL CYCLES IN GLOBALIZATION PROCESS?
) No wp931, William Davidson Institute Working Papers Series from William Davidson Institute at the University of Michigan Abstract: I investigate whether timing of the elections impact globalization process or not in democratic countries across the globe. In other words, do elections slowdown globalization process? The theoretical underpinning is that, globalization process lead to economic and social hardships in short run but benefit the economy in the long run. The motto behind slowing down globalization process before elections is that it leads to polarization of voters and thus negatively affects the incumbent government. I make use of Axel Dreher’s comprehensive globalization index as proxy for overall globalization process; economic globalization index for economic globalization policies and restrictions index as proxy for removal of trade and financial restrictions. I then construct ‘instrumental electoral cycle’ to capture the scheduled and midterm election cycle. Using cross
