Abstract for: Institutional political dynamics: political cycles between the liberal and the conservative

Although many system dynamicists point out the close relationship between institutional economics and system dynamic, the relationship between institutional political theory and system dynamics approach is not fully appreciated yet. We developed a system dynamics model to investigate theoretical propositions of institutional politics. Our system dynamics model showed how the endogenous mechanism can explain political changes as well as orders. Although the causal structure is simple, our model could show a complex behavior of political competition. Several simulation results imply that some unexpected changes in election and power competition may come from the endogenous systems rather than from exogenous shocks.