This paper tests whether there exists any significant difference in the responsiveness of UK government expenditure policy to changes in national income and unemployment in pre- and post-election periods. The absence of such a political effect would see the national income and unemployment...

Despite the drastic switch to market-based policies and outward orientation in Turkey during the 1980s, private investment in manufacturing industry has still not revived after seventeen years of structural adjustment. This paper examines the main determinants of private investment in the...