Economic Vote How Political and Economic Institutions Condition Election Results

ISBN-10: 0521707404
ISBN-13: 9780521707404
Edition: 2008
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Description: This book proposes a selection model for explaining cross-national variation in economic voting: Rational voters condition the economic vote on whether incumbents are responsible for economic outcomes, because this is the optimal way to identify and  More...

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Book details

List price: $35.99
Copyright year: 2008
Publisher: Cambridge University Press
Publication date: 3/17/2008
Binding: Paperback
Pages: 418
Size: 6.00" wide x 9.00" long x 1.00" tall
Weight: 1.232
Language: English

This book proposes a selection model for explaining cross-national variation in economic voting: Rational voters condition the economic vote on whether incumbents are responsible for economic outcomes, because this is the optimal way to identify and elect competent economic managers under conditions of uncertainty. This model explores how political and economic institutions alter the quality of the signal that the previous economy provides about the competence of candidates. The rational economic voter is also attentive to strategic cues regarding the responsibility of parties for economic outcomes and their electoral competitiveness. Theoretical propositions are derived, linking variation in economic and political institutions to variability in economic voting. The authors demonstrate that there is economic voting, and that it varies significantly across political contexts. The data consist of 165 election studies conducted in 19 different countries over a 20-year time period.

Introduction
Describing the Economic Vote in Western Democracies
Defining and measuring the economic vote
Patterns of retrospective economic voting in western democracies
Estimation, measurement, and specification
A Contextual Theory of Rational Retrospective Economic Voting: Competency Signals
Competency signals and rational retrospective economic voting
What do voters know about economic variation and its sources?
Political control of the economy
A Contextual Theory of Rational Retrospective Economic Voting: Strategic Voting
Responsibility, contention, and the economic vote
The distribution of responsibility and economic voting
The pattern of contention and the economic vote
Conclusion and Summary
Conclusion

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