Economic Voting Behavior and the Political Right-Wing (Empirical Evidence from the Slovak Republic)

Ekonomický časopis, Vol. 59, No. 9, pp. 905-917, 2011

13 Pages Posted: 14 Mar 2012 Last revised: 16 Mar 2012

Stefan Domonkos

University of Mannheim - Mannheim Centre for European Social Research (MZES)

Tomas Domonkos

Slovak Academy of Sciences - Institute of Economic Research

Date Written: December 1, 2011

Abstract

This paper evaluates the differences in the degree to which the preferences of the Slovak right-wing and left-wing parties are affected by the development of consumer prices and unemployment. Using the linear regression approach, it provides evidence that Slovak left-wing voters are resistant to economic voting, which is demonstrated by the fact that changes in the preferences of the Slovak left-wing government during 2006-2008 did not react to changes in the CPI and the unemployment rate. By contrast, the Slovak right-wing is held accountable by its voters both for rising prices and unemployment. Thus, our research unveils a new, unexpected difference between left- and right-wing voters. Furthermore, it is argued that, under constantly decreasing monetary and fiscal sovereignty in EU member states, political parties that have voters highly responsive to economic conditions are in a disadvantage as their preferences are dependent on factors they can influence less than in the past.

Keywords: economic voting, political voting, left-wing, right-wing, regression analysis

JEL Classification: D72

Suggested Citation

Domonkos, Stefan and Domonkos, Tomas, Economic Voting Behavior and the Political Right-Wing (Empirical Evidence from the Slovak Republic) (December 1, 2011). Ekonomický časopis, Vol. 59, No. 9, pp. 905-917, 2011. Available at SSRN: https://ssrn.com/abstract=2014801

Stefan Domonkos (Contact Author)

University of Mannheim - Mannheim Centre for European Social Research (MZES) ( email )

D-68131 Mannheim
Germany

Tomas Domonkos

Slovak Academy of Sciences - Institute of Economic Research ( email )

811 05 Bratislava, Šancova 56
Bratislava, SVK
Slovakia

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