This refers to the identification of issues through analysis of statistical data. Issues are identified through deviation of indicators from predefined thresholds. Many studies and works around agenda setting concluded that cultural, political and other factors were less significant in the clarification of the public policy than economic factors.
The idea of the political business cycle was created and it assumes, that “the economy has its own internal dynamics, which on occasion are altered by political interference. In many countries the timing of this interference could be predicted by looking at key political events such as elections and budgets, which tend to occur with some degree of regularity in democratic states”. (Howlett, 2009, p. 95)
In addition it has to be regarded that the political regime, the partisan ideology and the ideology of the political leaders outlines the frame of the economic policy.