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The Economy, the War in Iraq and the 2004 Presidential Election

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Author Info
Hibbs, Douglas A.

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Abstract

In this paper I apply the Bread and Peace model of voting in US presidential elections to analyze the sources of George W. Bush’s narrow re-election victory in 2004. The aggregate election outcome is readily explained by the model’s objectively measured political-economic fundamentals – no appeal need be made to arbitrary count, trend, dummy and switching variables. The results imply that the 2004 election turned mainly on weighted-average growth of per capita real disposable personal income over the term. The war in Iraq, which has escalated dramatically in political relevance since the 2004 contest, had a relatively small impact on the election result, most likely depressing Bush’s two-party vote share by less than a half percentage point.

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File URL: http://mpra.ub.uni-muenchen.de/15910/
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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 15910.

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Date of creation: 18 Apr 2007
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Handle: RePEc:pra:mprapa:15910

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Related research
Keywords: 2004 US presidential election; voting and economy; Iraq and 2004 US election; bread and peace voting;

Find related papers by JEL classification:
H0 - Public Economics - - General
Z00 - Other Special Topics - - General - - - General
P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism

References listed on IDEAS
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  1. Fair, Ray C, 1978. "The Effect of Economic Events on Votes for President," The Review of Economics and Statistics, MIT Press, vol. 60(2), pages 159-73, May. [Downloadable!] (restricted)
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  2. Fair, Ray C, 1996. "Econometrics and Presidential Elections," Journal of Economic Perspectives, American Economic Association, vol. 10(3), pages 89-102, Summer. [Downloadable!] (restricted)
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This page was last updated on 2009-12-16.


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