Effects of elections on the economy of Turkey : Hendry approach

Elections, which affect the economies due to the opportunist behaviors of politicians, are no longer phenomena of just a switch or an approval of political competence but have become a subject matter of interest for economists and econometrists.In this study, actors in the relationship between the politics and economy, their acts and effects of these acts on the elections, and populist policies which can be utilized by the government competence in order to affect the elections are analyzed in the light of the Political Conjuncture Actions Theory. An overview of the Political Conjuncture Actions Theory is also given in this thesis study.The effects of the general elections between years 1988-2008 on the government payment and prices in Turkey is researched by the help of an empirical analysis carried out. The analysis performed by using Hendry?s deductive approach on 3 month period data showed no correlation between the prices and elections; but some effects of elections on government payment are observed.Keywords:1. Elections2. Political Conjuncture Actions Theory3. Government Payment4. Prices5. Hendry Approach