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Recent Economic Perspectives on Political Economy, Part I.

Torun Dewan¹, Kenneth A Shepsle

¹London School of Economics & Political Science.

British Journal of Political Science

|August 31, 2013

Summary

This summary is machine-generated.

This paper surveys recent theoretical political economy research published in economics journals, covering topics from elections and voting to economic performance and institutional design. It highlights the interdisciplinary contributions bridging political science and economics.

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Area of Science:

Political Economy
Economics
Political Science

Background:

Theoretical work on political economy is increasingly published in economics journals, outside the traditional political science mainstream.
This trend indicates a growing interdisciplinary approach to understanding political institutions and processes.

Purpose of the Study:

To survey and synthesize high-quality theoretical research on the political economy of political institutions and processes.
To analyze contributions published in economics journals over a recent five-year period.
To discuss methodological commonalities and future research opportunities.

Main Methods:

Literature review and synthesis of theoretical papers.
Categorization of research into thematic areas: elections, voting, parties, coalitions, economic performance, redistribution, constitutional design, and elite behavior.
Analysis of interdisciplinary connections and methodological bases.

Main Results:

Part I covers elections, voting, information aggregation, parties, candidates, and coalitions.
Part II addresses economic performance, redistribution, constitutional design, and elite incentives/quality.
The survey identifies common methodological foundations and highlights new research themes.

Conclusions:

Economics journals are significant venues for cutting-edge political economy research.
There are substantial overlaps and opportunities for synergy between economics and political science.
The reviewed literature offers insights into institutional design, political behavior, and economic outcomes.