Ideology, Competence and Luck: What determines general election results?
This paper investigates the impact of luck, defined as global economic growth, and competence, defined as the difference between domestic and world growth, on voting in general elections since 1960. The vote of incumbent parties of the right is found to be sensitive to luck, whereas that of incumbent parties of the left is not. This is consistent with the Clientele Hypothesis given electorates which fail to perfectly distinguish luck from competence. Economic competence plays a strong role in determining the vote, especially in high-income democracies. The electoral reward to competence is essentially equal across parties of either ideology, contra to the Saliency Hypothesis. The data are also supportive of the Territory Hypothesis, namely that greater ideological territory increases a party's relative vote share.
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References listed on IDEAS
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- Andrew Leigh, 2009.
"Does the World Economy Swing National Elections?,"
Oxford Bulletin of Economics and Statistics,
Department of Economics, University of Oxford, vol. 71(2), pages 163-181, 04.
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- Casey B. Mulligan & Charles G. Hunter, 2000. "The Empirical Frequency of a Pivotal Vote," Working Papers 0025, Harris School of Public Policy Studies, University of Chicago.
- Casey B. Mulligan & Charles G. Hunter, 2001. "The Empirical Frequency of a Pivotal Vote," NBER Working Papers 8590, National Bureau of Economic Research, Inc.
- Holcombe, Randall G, 1980. "An Empirical Test of the Median Voter Model," Economic Inquiry, Western Economic Association International, vol. 18(2), pages 260-274, April.
- William D. Nordhaus, 1975. "The Political Business Cycle," Review of Economic Studies, Oxford University Press, vol. 42(2), pages 169-190.
- Howard R. Bowen, 1943. "The Interpretation of Voting in the Allocation of Economic Resources," The Quarterly Journal of Economics, Oxford University Press, vol. 58(1), pages 27-48. Full references (including those not matched with items on IDEAS)
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