By Carmina Angelica V. Olano
ELECTIONS are widely believed to have a growth-inducing effect on an economy.
But do the numbers support this notion?
From 2000 to 2018, the country’s gross domestic product (GDP) growth averaged 6.3% in the six election years in this period, according to BusinessWorld calculations from the Philippine Statistics Authority’s national accounts. That compares to the 5.3% average growth for the entire period and 4.9% in non-election years.
“Election campaign spending by political parties and candidates — through paraphernalia, media, meetings and sorties, and administrative expenses — inject billions of pesos to the economy which in turn create jobs in select industries and further spur domestic demand. These activities will likely increase…