Economic Downturns and Political Competition Since the 1870s
40 Pages Posted: 21 Aug 2014
Date Written: 2014
Relying on new data on the ideology of heads of government during all democratic spells in 32 sovereign states over a period of almost 140 years, this paper demonstrates that in the short term, recessions have more often resulted in a shift to the right than a shift to the left. In the medium to long term, however, the opposite appears to be true: drawn-out recessions, as opposed to brief ones, have more often resulted in a shift to the left than a shift to the right.
Keywords: economic crises, recessions, governments, party competition, economic voting
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