Abstract
Electoral dynamics is believed to have a direct bearing on the scope of governmental control over the supply of credit to different economic sectors. This paper attempts to examine the impact of opportunistic electoral manipulations, ideological beliefs and political lobbying on the supply of agricultural and industrial credit across the Indian states. The findings indicate that more competitive elections are associated with increases in credit provision. An incumbent party with a more liberal ideology is found to provide greater average credit to agriculture relative to industry. Finally, an increase in the political contributions provided to an incumbent state government is found to entail greater industrial credit and lower agricultural credit, on an average.
Ideologies of national and state-level political parties in India
| Name of party | Political ideology | Ideological stand |
|---|---|---|
| Aam Aadmi Party | Social Democratic, Populist | Centre |
| All India Anna Dravida Munnetra Kazhagam | Social Democratic, Populist | Centre |
| All India Trinamool Congress | Social Democracy, Left-wing Populism, Democratic Socialism, Regionalism, Civic Nationalism, Secularism, Anti-Communism | Centre-Left |
| Assam Gona Parishad | Populist, Democratic Liberalism | Right-Centre |
| Biju Janata Dal | Populist, Economic Liberalism | Right-Centre |
| Bhartiya Janata Party | Economic Liberalism | Right |
| Bahujan Samaj Party | Dalit Socialism, Socialism | Left-Centre |
| Communist Party of India | Communism | Left |
| Communist Party of India (Marxist) | Communism | Left |
| Dravid Munnetra Kazhagam | Social Democratic, Populist | Centre |
| Haryana Vikas Party | Social Democratic, Populist | Centre |
| Indian National Congress | Democratic Socialism, Social Democracy | Centre |
| Indian National Lok Dal | Populist Economic Liberalism | Right-Centre |
| Janata Dal | Populist Economic Liberalism | Right-Centre |
| Janata Dal (Secular) | Populism, Social Democracy | Centre |
| Janata Dal (United) | Integral Humanism, Conservatism | Right-Centre |
| Janata Party | Populist, Economic Liberalism | Right-Centre |
| Jammu and Kashmir National Conference | Moderate Separatism, Pro-India, Re-unification of Kashmir | Centre |
| Jammu and Kashmir People’s Democratic Party | Regionalism | Centre |
| Jharkhand Mukti Morcha | Regionalism | Centre-Right |
| Left Democratic Front | Communism | Left |
| Left Front | Communism | Left |
| Lok Dal | Populist, Economic Liberalism | Right-Centre |
| Mizo National Front | Left-wing Populism, Mizo Nationalism, Socialism, Social Liberalism, Democratic Socialism | Centre-Left |
| Manipur People’s Party | Regionalism | Centre-Right |
| Nationalist Congress Party | Democratic Socialism, Populist | Centre |
| Naga People’s Front | Regionalism | Centre |
| Rashtriya Janata Dal | Democratic Socialism, Populist | Centre |
| Shiromani Akali Dal | Religious (Sikh), Populist, Economic Liberalism | Right-Centre |
| Sikkim Democratic Front | Democratic Socialism | Centre-Left |
| Sikkim Krantikari Morcha | Democratic Socialism | Centre |
| Shiv Sena | Economic Liberalism | Right |
| Samajwadi Party | Populist, Democratic Socialism | Centre |
| Telugu Desam Party | Regionalist, Fiscally Conservative | Right |
| United Democratic Front | Populist, Democratic | Centre |
| United Democratic Party | Regionalism, Populism | Centre-Right |
| YSR Congress Party | Regionalism | Centre |
-
Source: Dash and Raja (2012).
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Artikel in diesem Heft
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- Editor’s Note
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- Landscape Political Ecology: Rural-Urban Pattern of COVID-19 in Nigeria
- The Relationship Between Poverty and COVID-19 Infection and Case-Fatality Rates in Germany during the First Wave of the Pandemic
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Artikel in diesem Heft
- Frontmatter
- Editors Note
- Editor’s Note
- Special on COVID-19 Research
- Covid-19 Response Models and Divergences Within the EU: A Health Dis-Union
- Landscape Political Ecology: Rural-Urban Pattern of COVID-19 in Nigeria
- The Relationship Between Poverty and COVID-19 Infection and Case-Fatality Rates in Germany during the First Wave of the Pandemic
- Covid-19: A Trade-off between Political Economy and Ethics
- Special on Inequality, Policy and Society
- Causes and Consequences of Income Inequality – An Overview
- Monetary Policy and the Top 10%: A Time-Series Analysis Using ARDL and ECM
- Trade Intensity, Fiscal Integration and Income Inequality in ECOWAS
- Empirical Analysis of the Effect of Fiscal Policy Shocks in China
- The Political Economy of Sectoral Credit Provisioning in India: An Empirical Analysis
- Perspectives on Gender Stereotypes: How Did Gender-Based Perceptions Put Hillary Clinton at an Electoral Disadvantage in the 2016 Election?