Abstract

The literature about political business cycles has grown in 1970s but there were some other works before 1970s. For example, M. Kalecki examined politics-economics relationship. This literature depends on the adaptive expectations and exploitable Philips curve. Instead of adaptive expectations, with the rational expectations there is a pause at beginning of 1980s. After that, many academicians studied the political business cycles through the framework of rational expectations. Another interesting development is about voter?s behavior studies. In economics, it is assumed that the voters will decide either adaptive or rational expectations. In public choice, the models that began with Downs (1957) politician, bureaucrat, government, and voter relationships examine with the help of the optimization methods. Moreover, voters? behavior is explained other variables such as income distribution etc. As partly independent all of this literature, political science literature examines the voters? behavior more widely than economics. In that paper, the base of voters of political parties in Turkey is studied in the framework of economics and political science.

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