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- W2890139259 abstract "We develop and test a model of joint determination of economic growth and national election results in the United States. The formal model, which combines developments in the choice analysis of the behavior of economic agents and voters, leads to a system of equations in which the dependent variables are the growth rate and the vote shares in presidential and congressional elections. Our estimates support the theoretical claims that growth responds to unanticipated policy shifts and that voters use both on-year and midterm elections to balance the two parties. On the other hand, we find no support for rational retrospective voting. We do reconfirm, in a fully simultaneous framework, the naive retrospective voting literate's finding that the economy has a strong effect on presidential voting. We find congressional elections unaffected by the economy, except as transmitted by presidential coattails." @default.
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- W2890139259 date "1990-01-01" @default.
- W2890139259 modified "2023-09-23" @default.
- W2890139259 title "A Model of the Political Economy of the United States" @default.
- W2890139259 hasPublicationYear "1990" @default.
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