Erschienen in:Tokyo Center for Economic Research (TCER) Paper ; No. E-73
Umfang:
1 Online-Ressource (41 p)
Sprache:
Englisch
Entstehung:
Anmerkungen:
In: Tokyo Center for Economic Research (TCER) Paper No. E-73
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 2014 erstellt
Beschreibung:
This paper exploits the international transmission of business cycles to examine the prevalence of attribution error in economic voting in a large panel of countries from 1990-2009. We find that voters, on average, exhibit a strong tendency to oust incumbent governments during an economic downturn, regardless of whether the recession is home-grown or merely imported from trading partners. However, we find important heterogeneity in the extent of attribution error. A split sample analysis shows that countries with more experienced voters, more educated voters, and possibly more informed voters — all conditions which have been shown to mitigate other voter agency problems — do better in distinguishing imported from domestic growth