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A Preliminary Analysis of the Presidential Approval Rating

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  • Cebula, Richard

Abstract

This study empirically investigates whether the performance of the S&P 500 stock index, whose performance is treated as a surrogate for the performance of domestic stock/equity markets generally, influences the Presidential approval rating. After allowing for a variety of political factors and economic factors in addition to the S&P 500 stock index, it is found that the Presidential approval rating is indeed significantly enhanced by increasing values for this indicator of equity performance.

Suggested Citation

  • Cebula, Richard, 2004. "A Preliminary Analysis of the Presidential Approval Rating," MPRA Paper 56775, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:56775
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    References listed on IDEAS

    as
    1. Cebula, Richard, 1996. "An Empirical Analysis of the Impact of Government Tax and Auditing Policies on the Size of the Underground Economy: The Case of the United States, 1973-94," MPRA Paper 49810, University Library of Munich, Germany.
    2. Richard J. Cebula, 2004. "Income Tax Evasion Revisited: The Impact of Interest Rate Yields on Tax-Free Municipal Bonds," Southern Economic Journal, John Wiley & Sons, vol. 71(2), pages 418-423, October.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    presidential approval rating; S&P performance; economic factors; political factors;
    All these keywords.

    JEL classification:

    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption
    • D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
    • G19 - Financial Economics - - General Financial Markets - - - Other
    • H22 - Public Economics - - Taxation, Subsidies, and Revenue - - - Incidence
    • H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies
    • H26 - Public Economics - - Taxation, Subsidies, and Revenue - - - Tax Evasion and Avoidance

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