Effects of "Political Cycle" on Land Use Planning in China

As an explanation to economic cycle, political cycle theory has been widely used, and political factor has been gradual y recognized as an important fac-tor in influencing economy but not simply exteranl factors. However, there is stil a lack of enough research combining political factor and land use. Based on the exist-ing literature, we analyzed the mechnism and performance of howe political cycle with Chinese characteristics influence land use plannning in China, and specific so-lutions were put forward by combining the influences with the airm to promote bet-ter implementation of the planning goals.

The Political Cause of the Movement of RMB Exchange Rate： A Research Based on the Spillover Effects of US Political Cycle

Movement of the renminbi （RMB） exchange rate is not only affected by economic factors, but also by political factors home and aboard. This paper analyzes the transmission mechanism of political cycles on the RMB exchange rate first, and then sets up a ＂political cycle spillover effect model＂ followed by an empirical analysis. We find that： （1） the US political cycle has a direct effect on the RMB exchange rate in the short run, which is mainly transmitted by capital flows and China＇s exchange rate policy control; （2） the RMB exchange rate changes periodically in accordance with the US presidential election and midterm election cycle, with the appreciation ratio significantly lower in the first year of the election cycle, while significantly higher in the year after the midterm election; （3） The effect of the political cycle will not be affected by which party holds power, though it will be affected if the president and parliament are ruled by the same party. This paper not only extends the research of the influencing factors of the RMB exchange rate to the political field, but also sets up a use theoretical model to analyze the impact of political issues on the RMB exchange rate, providing a new perspective to fully understand the external environment of RMB exchange rate reform.

Is political business cycle an enemy to human development?Empirical evidence from Africa

Extant literature has argued that,with major extension of democracy since the 1990s,political business cycle has become more intense and has made African political systems more fragile.In light of this,this paper examines both the existence of African political business cycles and their impact on human development.It confirms the existence of political business cycles in Africa.Estimates of a panel fixed effects and system-GMM regression techniques for 38 African countries from 1990 to 2015 also suggest that such cycles worsen human development in African countries.This finding is consistent if we limit our analysis to various sub-regions of Africa,and also at two different income levels.

A new broom sweeps clean:is there a Chinese-style political business cycle?

Politics is an important cause of economic growth and fluctuations.We present a new Political Business Cycle(PBC)Theory based on the background of recent Chinese economic transformation and government behaviors,explore the economic impact of the National Congress of the Communist Party of China(CPC),the National People’s Congress(NPC)and Chinese People’s Political Consultive Conference(CPPCC)and how they shape and influence the behaviors of local government officials.Based on 1994-2012 inter-provincial panel data of China and using SYS-GMM and LSDVC,we find that there are significant effects in China of PBC and government administration change.Changes in government administration influence the economic behaviors of local governments,which in turn influence local economic development through fiscal decentralization and political promotion tournament.These effects are sustained and robust.In this paper we offer an economic explanation for the Chinese proverb“a new broom sweeps clean,”and try to verify the Chinese-style Political Business Cycle(CPBC).We provide new ideas for further improving the functions of government,optimizing macroeconomic control,and preventing personnel changes in the government from overheating the economy.