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• Classical liberalism, democracy, and economic growth: a hypothesis about the Lipset hypothesis

  5-30

  Pál Czeglédi

  Views:

  227

  Does economic growth create democracy, as suggested by the proposition known as the Lipset hypothesis? According to this paper, for the Lipset hypothesis to be valid, it is sufficient for an ideological and a technological condition to be fulfilled. The ideological condition is that the political agenda-setting ideology should be classical liberalism, which can be characterised as combining an aversion towards democracy with a positive assessment of economic and civil liberties. The technological condition is that the country in question should be advanced enough in the technological sense, because in such a country there is no economic growth without innovation maintained by a free market for ideas. Logit regressions run with panel data show that in the period up until the early 20th century a higher per capita income increases the probability of a democratic regime change, but afterwards it does not. The explanation is that before the early 20th century the two conditions were met, but they were not met in those countries that were about to become democratic after the first two decades of the 20th century.

  Journal of Economic Literature (JEL) codes: D70, O11, O43

• It is too conservative to be liberal, and too liberal to be conservative. What is it? Kenneth Dyson: Conservative Liberalism, Ordo-liberalism, and the State: Disciplining Democracy and the Market. Oxford University Press: Oxford, UK, xxxix+542. o.

  135-140

  Pál Czeglédi

  Views:

  131

• The Evolution of Welfare Systems: Social Democratic and Social Autocratic Paths

  46-65

  Imre Lévai

  Views:

  109

  Students of global and regional political economy have produced a vast literature on divergent paths of capitalist evolution. The evolution of welfare systems, in general, and their different paths, in particular, have also widely been analysed in economic and social studies. The author, joining the discussions from a world system perspective, makes an attempt at presenting a global and regional political economic comparison of the seemingly similar welfare systems that have evolved in Northern and in Eastern Europe. The apparent convergence of the Sovietic type to the Nordic social democratic pattern is scrutinised, distinguishing it from the latter by the “social autocratic” label.

  Journal of Economic Literature (JEL) kód: I31, I38, P36, P38

• Political budget cycles: fiscal cycle effects in state expenditures in Poland

  47-62

  Agnes Halasz

  Views:

  125

  In this paper we aim to investigate what kind of role fiscal cycles played in the development of the state budget balances in Poland between 1989 and 2011. Overall, the results of the latest research have found that political budget cycles (PBC) are more typical in less developed countries with a shorter period of experience with democratic institutions, such as the post-socialist transition economies. Nevertheless, empirical studies point out that this phenomenon has been disappearing over time as voters learn how democratic institutions and political manipulation operate. However, this theory could not be proved by testing the pattern of Poland, neither in the case of budget balances nor for state expenditures. Despite the fact that some fiscal cycle effects were found in public sector wages and pensions in the election period of 1997 and 2001, these proved to be temporary, and simultaneously some other measures were identified that counterbalanced the effects of pork barrel spending. Overall, the cyclical evolution of the budget balances in Poland, particularly in the nineties, was not a result of political budget cycles.

  Journal of Economic Literature (JEL) classifications: D72, E62, H3