Looking back or looking out? A reevaluation of economic voting

Simonovits, Gábor and Szűcs, Ferenc (2010) Looking back or looking out? A reevaluation of economic voting. Outstanding Student Paper, BCE, Gazdaságelemzés és gazdaságmodellezés I. szekció. Szabadon elérhető változat / Unrestricted version: http://publikaciok.lib.uni-corvinus.hu/publikus/tdk/SG_SZF_20100324022953.pdf

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Economic voting theory explains electoral outcomes with economic performance during the rule of an incumbent. Voters are assumed to evaluate politicians based on Bayesian calculations about the quality of the politician. In this paper we enrich this framework with the possibility of inter-country comparison. From a simple model of information externality, we derive that voters in fact find it useful to use such comparisons. The predictions of the model are tested using panel on data elections in 16 European countries from 1950 to 2007. Our results support the hypothesis that inter-country comparisons were relevant factors in at least our sample of electoral outcomes.

Item Type:Outstanding Student Paper
Notes:2. helyezett
Subjects:Mathematics. Econometrics
ID Code:2978
Deposited On:07 Mar 2011 13:17
Last Modified:02 Jul 2016 20:27

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