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Voting and the Macroeconomy

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  • Hibbs Jr., Douglas A.

    (Department of Economics, School of Economics and Commercial Law, Göteborg University)

Abstract

published in The Oxford Handbook of Political Economy Barry R. Weingast and Donald Wittman, eds. Oxford University Press, 2006

Suggested Citation

  • Hibbs Jr., Douglas A., 2004. "Voting and the Macroeconomy," Working Papers in Economics 144, University of Gothenburg, Department of Economics, revised 08 Apr 2006.
    • Handle: RePEc:hhs:gunwpe:0144
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    File URL: http://hdl.handle.net/2077/2734
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    References listed on IDEAS

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    1. Hibbs Jr, Douglas A., 2001. "The Politicization of Growth Theory," Working Papers in Economics 37, University of Gothenburg, Department of Economics.
    2. 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 159-173, May.
    3. Kenneth Rogoff & Anne Sibert, 1988. "Elections and Macroeconomic Policy Cycles," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 55(1), pages 1-16.
    4. Kormendi, Roger C & Meguire, Philip, 1990. "A Multicountry Characterization of the Nonstationarity of Aggregate Output," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 22(1), pages 77-93, February.
    5. Alesina, Alberto & Londregan, John & Rosenthal, Howard, 1993. "A Model of the Political Economy of the United States," American Political Science Review, Cambridge University Press, vol. 87(1), pages 12-33, March.
    6. Douglas Hibbs, 2000. "Bread and Peace Voting in U.S. Presidential Elections," Public Choice, Springer, vol. 104(1), pages 149-180, July.
    7. Mueller,Dennis C., 2003. "Public Choice III," Cambridge Books, Cambridge University Press, number 9780521894753, September.
    8. Rogoff, Kenneth, 1990. "Equilibrium Political Budget Cycles," American Economic Review, American Economic Association, vol. 80(1), pages 21-36, March.
    9. repec:bla:kyklos:v:54:y:2001:i:2-3:p:265-86 is not listed on IDEAS
    10. Dani Rodrik, 1998. "Why Do More Open Economies Have Bigger Governments?," Journal of Political Economy, University of Chicago Press, vol. 106(5), pages 997-1032, October.
    11. William D. Nordhaus, 1975. "The Political Business Cycle," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 42(2), pages 169-190.
    12. Pagan, Adrian, 1984. "Econometric Issues in the Analysis of Regressions with Generated Regressors," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 25(1), pages 221-247, February.
    13. Griliches, Zvi, 1974. "Errors in Variables and Other Unobservables," Econometrica, Econometric Society, vol. 42(6), pages 971-998, November.
    14. Zellner, Arnold, 1970. "Estimation of Regression Relationships Containing Unobservable Independent Variables," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 11(3), pages 441-454, October.
    15. Blinder, Alan S., 1985. "'Rationality, causality, and the relation between economic conditions and the popularity of parties' by Gebhard Kirchgassner," European Economic Review, Elsevier, vol. 28(1-2), pages 269-272.
    16. Stigler, George J, 1973. "General Economic Conditions and National Elections," American Economic Review, American Economic Association, vol. 63(2), pages 160-167, May.
    17. Gregory Mankiw, N. & Shapiro, Matthew D., 1985. "Trends, random walks, and tests of the permanent income hypothesis," Journal of Monetary Economics, Elsevier, vol. 16(2), pages 165-174, September.
    18. Anthony Downs, 1957. "An Economic Theory of Political Action in a Democracy," Journal of Political Economy, University of Chicago Press, vol. 65(2), pages 135-135.
    19. John Ferejohn, 1986. "Incumbent performance and electoral control," Public Choice, Springer, vol. 50(1), pages 5-25, January.
    20. James H. Stock & Mark W.Watson, 2003. "Forecasting Output and Inflation: The Role of Asset Prices," Journal of Economic Literature, American Economic Association, vol. 41(3), pages 788-829, September.
    21. Kramer, Gerald H., 1983. "The Ecological Fallacy Revisited: Aggregate- versus Individual-level Findings on Economics and Elections, and Sociotropic Voting," American Political Science Review, Cambridge University Press, vol. 77(1), pages 92-111, March.
    22. Bornier Jean Magnan de & Norpoth H. & Lewis-Beck M.S. & Lafay J.D., 1991. "Economics and Politics The calculus of support," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 2(4), pages 579-581, December.
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    Cited by:

    1. Mikael Elinder & Henrik Jordahl & Panu Poutvaara, 2008. "Selfish and Prospective: Theory and Evidence of Pocketbook Voting," CESifo Working Paper Series 2489, CESifo.
    2. Robert Grafstein & Kiki Caruson, 2008. "Surprise party," Public Choice, Springer, vol. 137(1), pages 315-328, October.
    3. Irem Batool & Gernot Sieg, 2009. "Bread and the attrition of power: Economic events and German election results," Public Choice, Springer, vol. 141(1), pages 151-165, October.
    4. Hibbs, Douglas A., 2007. "The Economy, the War in Iraq and the 2004 Presidential Election," MPRA Paper 15910, University Library of Munich, Germany.
    5. Niklas Potrafke, 2012. "Political cycles and economic performance in OECD countries: empirical evidence from 1951–2006," Public Choice, Springer, vol. 150(1), pages 155-179, January.
    6. Dorin Jula & Nicolae-Marius Jula, 2011. "Analysis of Municipal Election Outcomes in Romania," ERSA conference papers ersa11p1256, European Regional Science Association.
    7. Michael Wallerstein, 2004. "Behavioral Economics and Political Economy," Nordic Journal of Political Economy, Nordic Journal of Political Economy, vol. 30, pages 37-48.
    8. Etienne Farvaque & Gael Lagadec, 2009. "Electoral Control when Policies are for Sale," CESifo Working Paper Series 2522, CESifo.
    9. Mechtel, Mario & Potrafke, Niklas, 2009. "Political Cycles in Active Labor Market Policies," MPRA Paper 14270, University Library of Munich, Germany.
    10. Douglas Hibbs, 2008. "Implications of the ‘bread and peace’ model for the 2008 US presidential election," Public Choice, Springer, vol. 137(1), pages 1-10, October.

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    More about this item

    Keywords

    economic voting; elections and macroeconomics; political economy;
    All these keywords.

    JEL classification:

    • E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
    • E19 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Other
    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)

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