Presidential Success and the World Economy
32 Pages Posted: 29 Nov 2012 Last revised: 18 Nov 2015
Date Written: November 3, 2015
Economic voting is a widely accepted regularity in the political science literature, yet most work on the subject either assumes that economic performance is a direct result of policymaking or, more recently, argues that voters can identify when this is not the case. Our paper challenges these claims by showing that, in a large subset of Latin American countries, both presidential popularity and prospects of reelection strongly depend on factors unambiguously exogenous to presidents' policy choices. These findings advance the literature on assignment of responsibility for economic performance, and pose important implications for democratic accountability.
Keywords: Economic Voting, Latin America, Elections
JEL Classification: P16
Suggested Citation: Suggested Citation