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Short and Long-Term Effects of Economic Conditions on Individual Voting Decisions

Fiorina, Morris P. (1978) Short and Long-Term Effects of Economic Conditions on Individual Voting Decisions. Social Science Working Paper, 244. California Institute of Technology , Pasadena, CA. (Unpublished) http://resolver.caltech.edu/CaltechAUTHORS:20171018-143543016

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Abstract

A review of the Political Business Cycle (PBC) literature provides grounds for cautious optimism: the literature is cumulative and it exhibits steady theoretical advancement. Early contributions focused primarily on the demand side of the system, i.e. do voters react to economic fluctuations in simple, direct, self-interested fashion (e.g. Kramer, 1971)? More recently, the supply side of the system has attracted attention: do governments stimulate their economies in the period prior to elections then dampen those economies after the electoral challenge is past (e.g. Nordhaus, 1975)? And in current research scholars have begun to integrate the two sides of the system as part of what ultimately may become a reasonable general equilibrium model of the PBC (e.g. Fair, 1975; Frey and Schneider, 1978a).


Item Type:Report or Paper (Working Paper)
Additional Information:Prepared for the Second International, Workshop on the Politics of Inflation, Unemployment and Growth, January 4-6, 1979, University of Bonn, Bonn, West Germany. The findings from this larger project was published in Retrospective Voting in American National Elections (1981). I wish to acknowledge the important financial support of the National Science Foundation (NSF SOC76-02083) in making this work possible.
Group:Social Science Working Papers
Funders:
Funding AgencyGrant Number
NSFSOC76-02083
Record Number:CaltechAUTHORS:20171018-143543016
Persistent URL:http://resolver.caltech.edu/CaltechAUTHORS:20171018-143543016
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:82464
Collection:CaltechAUTHORS
Deposited By: Jacquelyn Bussone
Deposited On:19 Oct 2017 18:44
Last Modified:19 Oct 2017 18:44

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