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1
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0010078966
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Toronto: Little Brown
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Richard Ford, Independence Day (Toronto: Little Brown, 1995), 36.
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(1995)
Independence Day
, pp. 36
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Ford, R.1
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2
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0039650835
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note
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The year 1974 marks a qualitative shift in the inter-election pattern, as earlier government shares exhibited no special inter-election rhythm. Monthly analysis is possible only for the period since 1974, and only with the Gallup poll. There is little reason to believe that analyses with other polls would alter this article's conclusions, although this conjecture begs substantiation. To my mind, the outstanding question about the Gallup poll's generalizability is the wording of its vote question (see Appendix), which does not name any parties. This places a premium on recall of party labels, and may privilege big parties over small ones and old parties over new ones.
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4
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0000058335
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The political business cycle
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The canonical source on the theory of the political business cycle is William Nordhaus, "The Political Business Cycle," Review of Economic Studies 42 (1975), 169-90. A useful, acerbic, review of the model is Michael Lewis-Beck, Economics and Elections: The Major Western Democracies (Ann Arbor: University of Michigan Press, 1988), chap. 9.
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(1975)
Review of Economic Studies
, vol.42
, pp. 169-190
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-
Nordhaus, W.1
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5
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0004068682
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Ann Arbor: University of Michigan Press, chap. 9
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The canonical source on the theory of the political business cycle is William Nordhaus, "The Political Business Cycle," Review of Economic Studies 42 (1975), 169-90. A useful, acerbic, review of the model is Michael Lewis-Beck, Economics and Elections: The Major Western Democracies (Ann Arbor: University of Michigan Press, 1988), chap. 9.
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(1988)
Economics and Elections: The Major Western Democracies
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-
Lewis-Beck, M.1
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6
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84974223914
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The economy and political support: The Canadian case
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Kristen Monroe and Lynda Erickson, "The Economy and Political Support: The Canadian Case," Journal of Politics 48 (1986), 616-47, and Harold D. Clarke and Gary Zuk, "The Politics of Party Popularity: Canada 1974-79," Comparative Politics 19 (1987), 299-315.
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(1986)
Journal of Politics
, vol.48
, pp. 616-647
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Monroe, K.1
Erickson, L.2
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7
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84974223914
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The politics of party popularity: Canada 1974-79
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Kristen Monroe and Lynda Erickson, "The Economy and Political Support: The Canadian Case," Journal of Politics 48 (1986), 616-47, and Harold D. Clarke and Gary Zuk, "The Politics of Party Popularity: Canada 1974-79," Comparative Politics 19 (1987), 299-315.
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(1987)
Comparative Politics
, vol.19
, pp. 299-315
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-
Clarke, H.D.1
Gary, Z.2
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8
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84936038220
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Voter sensitivity to economic conditions: A Canadian-American comparison
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Findings are not clear-cut, however. J. R. Happy found unemployment not to matter in "Voter Sensitivity to Economic Conditions: A Canadian-American Comparison," Comparative Politics 19 (1986), 45-56, and in "Economic Performance and Retrospective Voting in Canadian Federal Elections," this JOURNAL 22 (1989), 377-87, but the contrary in "The Effects of Economic and Fiscal Performance in Incumbency Voting: The Canadian Case," British Journal of Political Science 22 (1992), 117-30. Calum Carmichael found outright reversal of signs for key economic variables between 1972 and 1974 ("Economic Conditions and the Popularity of the Incumbent Party in Canada," this JOURNAL 23 [1990], 713-26). The Happy and Carmichael studies all employed time-series/ cross-section setups. The one national time-series estimation for electoral data identified the impact of unemployment (Richard Nadeau and André Blais, "Explaining Election Outcomes in Canada: Economy and Politics," this JOURNAL 26 [1993], 775-90).
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(1986)
Comparative Politics
, vol.19
, pp. 45-56
-
-
-
9
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0040242642
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this JOURNAL
-
Findings are not clear-cut, however. J. R. Happy found unemployment not to matter in "Voter Sensitivity to Economic Conditions: A Canadian-American Comparison," Comparative Politics 19 (1986), 45-56, and in "Economic Performance and Retrospective Voting in Canadian Federal Elections," this JOURNAL 22 (1989), 377-87, but the contrary in "The Effects of Economic and Fiscal Performance in Incumbency Voting: The Canadian Case," British Journal of Political Science 22 (1992), 117-30. Calum Carmichael found outright reversal of signs for key economic variables between 1972 and 1974 ("Economic Conditions and the Popularity of the Incumbent Party in Canada," this JOURNAL 23 [1990], 713-26). The Happy and Carmichael studies all employed time-series/ cross-section setups. The one national time-series estimation for electoral data identified the impact of unemployment (Richard Nadeau and André Blais, "Explaining Election Outcomes in Canada: Economy and Politics," this JOURNAL 26 [1993], 775-90).
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(1989)
Economic Performance and Retrospective Voting in Canadian Federal Elections
, vol.22
, pp. 377-387
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-
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10
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84972429301
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The effects of economic and fiscal performance in incumbency voting: The Canadian case
-
Findings are not clear-cut, however. J. R. Happy found unemployment not to matter in "Voter Sensitivity to Economic Conditions: A Canadian-American Comparison," Comparative Politics 19 (1986), 45-56, and in "Economic Performance and Retrospective Voting in Canadian Federal Elections," this JOURNAL 22 (1989), 377-87, but the contrary in "The Effects of Economic and Fiscal Performance in Incumbency Voting: The Canadian Case," British Journal of Political Science 22 (1992), 117-30. Calum Carmichael found outright reversal of signs for key economic variables between 1972 and 1974 ("Economic Conditions and the Popularity of the Incumbent Party in Canada," this JOURNAL 23 [1990], 713-26). The Happy and Carmichael studies all employed time-series/ cross-section setups. The one national time-series estimation for electoral data identified the impact of unemployment (Richard Nadeau and André Blais, "Explaining Election Outcomes in Canada: Economy and Politics," this JOURNAL 26 [1993], 775-90).
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(1992)
British Journal of Political Science
, vol.22
, pp. 117-130
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-
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11
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0039058646
-
-
this JOURNAL
-
Findings are not clear-cut, however. J. R. Happy found unemployment not to matter in "Voter Sensitivity to Economic Conditions: A Canadian-American Comparison," Comparative Politics 19 (1986), 45-56, and in "Economic Performance and Retrospective Voting in Canadian Federal Elections," this JOURNAL 22 (1989), 377-87, but the contrary in "The Effects of Economic and Fiscal Performance in Incumbency Voting: The Canadian Case," British Journal of Political Science 22 (1992), 117-30. Calum Carmichael found outright reversal of signs for key economic variables between 1972 and 1974 ("Economic Conditions and the Popularity of the Incumbent Party in Canada," this JOURNAL 23 [1990], 713-26). The Happy and Carmichael studies all employed time-series/ cross-section setups. The one national time-series estimation for electoral data identified the impact of unemployment (Richard Nadeau and André Blais, "Explaining Election Outcomes in Canada: Economy and Politics," this JOURNAL 26 [1993], 775-90).
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(1990)
Economic Conditions and the Popularity of the Incumbent Party in Canada
, vol.23
, pp. 713-726
-
-
-
12
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34248253833
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this JOURNAL
-
Findings are not clear-cut, however. J. R. Happy found unemployment not to matter in "Voter Sensitivity to Economic Conditions: A Canadian-American Comparison," Comparative Politics 19 (1986), 45-56, and in "Economic Performance and Retrospective Voting in Canadian Federal Elections," this JOURNAL 22 (1989), 377-87, but the contrary in "The Effects of Economic and Fiscal Performance in Incumbency Voting: The Canadian Case," British Journal of Political Science 22 (1992), 117-30. Calum Carmichael found outright reversal of signs for key economic variables between 1972 and 1974 ("Economic Conditions and the Popularity of the Incumbent Party in Canada," this JOURNAL 23 [1990], 713-26). The Happy and Carmichael studies all employed time-series/ cross-section setups. The one national time-series estimation for electoral data identified the impact of unemployment (Richard Nadeau and André Blais, "Explaining Election Outcomes in Canada: Economy and Politics," this JOURNAL 26 [1993], 775-90).
-
(1993)
Explaining Election Outcomes in Canada: Economy and Politics
, vol.26
, pp. 775-790
-
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Nadeau, R.1
Blais, A.2
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15
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0042787047
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Peterborough: Broadview
-
Robert M. Campbell questions the depth of postwar Keynesian commitments but also makes clear that the inflation which began to plague the system in the late 1960s shifted the terms of debate (Grand Illusions: The Politics of the Keynesian Experience in Canada 1945-1975 [Peterborough: Broadview, 1987]). Campbell identifies most budgets brought down by Minister of Finance John Turner in the early 1970s as embodying a supply-side logic and, as such, neither contractionary nor dirigiste. Stephen McBride argues forcefully that 1975 signalled the final breakdown of the Keynesian project, most importantly a shift to anti-inflationary monetary growth targets (Not Working: State, Unemployment and Neo-Conservatism in Canada [Toronto: University of Toronto Press, 1992]).
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(1987)
Grand Illusions: The Politics of the Keynesian Experience in Canada 1945-1975
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16
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0003550365
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Toronto: University of Toronto Press
-
Robert M. Campbell questions the depth of postwar Keynesian commitments but also makes clear that the inflation which began to plague the system in the late 1960s shifted the terms of debate (Grand Illusions: The Politics of the Keynesian Experience in Canada 1945-1975 [Peterborough: Broadview, 1987]). Campbell identifies most budgets brought down by Minister of Finance John Turner in the early 1970s as embodying a supply-side logic and, as such, neither contractionary nor dirigiste. Stephen McBride argues forcefully that 1975 signalled the final breakdown of the Keynesian project, most importantly a shift to anti-inflationary monetary growth targets (Not Working: State, Unemployment and Neo-Conservatism in Canada [Toronto: University of Toronto Press, 1992]).
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(1992)
Not Working: State, Unemployment and Neo-Conservatism in Canada
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17
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0040242644
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note
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One of this JOURNAL'S referees suggested shifting analysis from macro-economic targets to budgetary instruments, with special attention paid to the previous year's budget. I translated the suggestion into analysis in various ways, but none seemed persuasive. The most powerful setup involved replacing macro-economic outcome variables with the budget deficit/surplus as a percentage of GDP and with the bank rate, each variable measured at t - 1. This produced slightly less robust results than those in Tables 1 and 2. The impact of the bank rate was negative, as we would expect. But the impact of the deficit was positive (bigger deficit, lower popularity), which suggests that what really drove the relationship was not the deficit as such, but the deficit as an indicator of deficient demand. This leads us back to the variables in the body of the text. I also moved the time lag back to t - 12, to try to capture the previous year's budget, but this effort led nowhere.
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18
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77957184276
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esp. chap. 2
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A useful summary of work outside the US is Lewis-Beck, Economics and Elections, esp. chap. 2. For a comprehensive US summary, with references down to 1992, see Charles W. Ostrom and Renée M. Smith, "Error Correction, Attitude Persistence, and Executive Rewards and Punishments: A Behavioral Theory of Presidential Approval," in John R. Freeman, ed., Political Analysis, Vol. 4: 1992 (Ann Arbor: University of Michigan Press, 1993), Table 1.
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Economics and Elections
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Lewis-Beck1
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19
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77957184276
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Error correction, attitude persistence, and executive rewards and punishments: A behavioral theory of presidential approval
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John R. Freeman, ed., Ann Arbor: University of Michigan Press, Table 1
-
A useful summary of work outside the US is Lewis-Beck, Economics and Elections, esp. chap. 2. For a comprehensive US summary, with references down to 1992, see Charles W. Ostrom and Renée M. Smith, "Error Correction, Attitude Persistence, and Executive Rewards and Punishments: A Behavioral Theory of Presidential Approval," in John R. Freeman, ed., Political Analysis, Vol. 4: 1992 (Ann Arbor: University of Michigan Press, 1993), Table 1.
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(1993)
Political Analysis, Vol. 4: 1992
, vol.4
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Ostrom, C.W.1
Smith, R.M.2
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20
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0003151677
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Potential GNP: Its measurement and significance
-
American Statistical Association
-
Okun's Law is first stated in Arthur Okun, "Potential GNP: Its Measurement and Significance," American Statistical Association, Proceedings of the Business and Economic Statistics Section, 1962. The most spirited discussion of the law in the popularity-function literature, by Douglas A. Hibbs, is accompanied by routine inclusion of all three variables (The American Political Economy: Macroeconomics and Electoral Politics in the United States [Cambridge: Harvard University Press, 1987]).
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(1962)
Proceedings of the Business and Economic Statistics Section
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Okun, A.1
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21
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0003412479
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Cambridge: Harvard University Press
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Okun's Law is first stated in Arthur Okun, "Potential GNP: Its Measurement and Significance," American Statistical Association, Proceedings of the Business and Economic Statistics Section, 1962. The most spirited discussion of the law in the popularity-function literature, by Douglas A. Hibbs, is accompanied by routine inclusion of all three variables (The American Political Economy: Macroeconomics and Electoral Politics in the United States [Cambridge: Harvard University Press, 1987]).
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(1987)
The American Political Economy: Macroeconomics and Electoral Politics in the United States
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22
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0040242643
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Some studies use the Implicit Price Index (the GDP deflator) as the basis for inflation calculations. See, for instance, Monroe and Erickson, "The Economy and Political Support." Most use the CPI, however, on the grounds that this is what citizens see, even if it is an inferior measure of true inflation. For personal income change, two choices had to be made. First is the period for measuring change. Year-over-year change seems to be the norm, and seems intuitively closest to the spirit of most discussions of income effects. See, for example, D. Roderick Kiewiet and Douglas Rivers, "The Economic Basis of Reagan's Appeal," in John E. Chubb and Paul E. Peterson, eds., The New Direction in American Politics (Washington: Brookings Institution, 1985), 69-90. The second choice is between total or disposable income. As a monthly series, the former is markedly more accessible, and earlier Canadian work (see, for instance, Richard Johnston, Public Opinion and Public Policy in Canada: Questions of Confidence [Toronto: University of Toronto Press, 1986]) suggests that the two are close substitutes. Hence income change here means year-over-year change in real personal income per capita. For more detail on the data, see the Appendix.
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The Economy and Political Support
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Monroe1
Erickson2
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23
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0040404093
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The economic basis of Reagan's appeal
-
John E. Chubb and Paul E. Peterson, eds., Washington: Brookings Institution
-
Some studies use the Implicit Price Index (the GDP deflator) as the basis for inflation calculations. See, for instance, Monroe and Erickson, "The Economy and Political Support." Most use the CPI, however, on the grounds that this is what citizens see, even if it is an inferior measure of true inflation. For personal income change, two choices had to be made. First is the period for measuring change. Year-over-year change seems to be the norm, and seems intuitively closest to the spirit of most discussions of income effects. See, for example, D. Roderick Kiewiet and Douglas Rivers, "The Economic Basis of Reagan's Appeal," in John E. Chubb and Paul E. Peterson, eds., The New Direction in American Politics (Washington: Brookings Institution, 1985), 69-90. The second choice is between total or disposable income. As a monthly series, the former is markedly more accessible, and earlier Canadian work (see, for instance, Richard Johnston, Public Opinion and Public Policy in Canada: Questions of Confidence [Toronto: University of Toronto Press, 1986]) suggests that the two are close substitutes. Hence income change here means year-over-year change in real personal income per capita. For more detail on the data, see the Appendix.
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(1985)
The New Direction in American Politics
, pp. 69-90
-
-
Kiewiet, D.R.1
Rivers, D.2
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24
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84935131237
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Toronto: University of Toronto Press, suggests that the two are close substitutes. Hence income change here means year-over-year change in real personal income per capita. For more detail on the data, see the Appendix
-
Some studies use the Implicit Price Index (the GDP deflator) as the basis for inflation calculations. See, for instance, Monroe and Erickson, "The Economy and Political Support." Most use the CPI, however, on the grounds that this is what citizens see, even if it is an inferior measure of true inflation. For personal income change, two choices had to be made. First is the period for measuring change. Year-over-year change seems to be the norm, and seems intuitively closest to the spirit of most discussions of income effects. See, for example, D. Roderick Kiewiet and Douglas Rivers, "The Economic Basis of Reagan's Appeal," in John E. Chubb and Paul E. Peterson, eds., The New Direction in American Politics (Washington: Brookings Institution, 1985), 69-90. The second choice is between total or disposable income. As a monthly series, the former is markedly more accessible, and earlier Canadian work (see, for instance, Richard Johnston, Public Opinion and Public Policy in Canada: Questions of Confidence [Toronto: University of Toronto Press, 1986]) suggests that the two are close substitutes. Hence income change here means year-over-year change in real personal income per capita. For more detail on the data, see the Appendix.
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(1986)
Public Opinion and Public Policy in Canada: Questions of Confidence
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Johnston, R.1
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27
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0039650823
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suggests Table 5-3. The other three campaigns were naturally demarcated by the resignations in 1984 and 1993 of prime ministers Trudeau and Mulroney, respectively, and in 1983 by Joe Clark's announcement that his leadership review support was insufficient and his call for the leadership convention later that year. The 1976 Conservative race presented a challenge akin to that for the Liberals in 1990, but data limitations put that race outside the period for estimation
-
The 1990 Liberal selection is the hardest to characterize, since John Turner announced his intention to step down on May 3, 1989, long before the party was able to convene, and it became necessary to declare a campaign moratorium that summer. Although covert campaigning occurred, it received little media coverage. As a news event the campaign for the June 1990 convention began in January of that year, so Courtney suggests (Do Conventions Matter? Table 5-3). The other three campaigns were naturally demarcated by the resignations in 1984 and 1993 of prime ministers Trudeau and Mulroney, respectively, and in 1983 by Joe Clark's announcement that his leadership review support was insufficient and his call for the leadership convention later that year. The 1976 Conservative race presented a challenge akin to that for the Liberals in 1990, but data limitations put that race outside the period for estimation.
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Do Conventions Matter?
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Courtney1
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28
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0040242639
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Clark and Zuk find an impact from the 1976 Conservative leadership change, for instance ("The Politics of Party Popularity")
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Clark and Zuk find an impact from the 1976 Conservative leadership change, for instance ("The Politics of Party Popularity").
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29
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0039058642
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Both Clark and Zuk (ibid.), and Monroe and Erickson ("The Economy and Political Support") model the 1977 event as a crisis. Monroe and Erickson also include the 1970 "October Crisis."
-
The Politics of Party Popularity
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Clark1
Zuk2
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30
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0040242643
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model the event as a crisis
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Both Clark and Zuk (ibid.), and Monroe and Erickson ("The Economy and Political Support") model the 1977 event as a crisis. Monroe and Erickson also include the 1970 "October Crisis."
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(1977)
The Economy and Political Support
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Monroe1
Erickson2
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31
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0039650827
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also include the
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Both Clark and Zuk (ibid.), and Monroe and Erickson ("The Economy and Political Support") model the 1977 event as a crisis. Monroe and Erickson also include the 1970 "October Crisis."
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(1970)
October Crisis
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Monroe1
Erickson2
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32
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0003412479
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The heart of the matter is whether or not a political variable is correlated with an economic one. Exclusion of the political variable would then constitute specification error, which in turn produces bias and inconsistency in the economic estimates. I experimented with political variables to test robustness in estimates. Singling out 1977 as a dummy variable to capture the post-1976 panic affected neither the economic coefficients nor their standard errors. Including dummy variables for each of the five campaigns modestly reduced the size of the income and inflation coefficients
-
On specification issues, see, for instance, Hibbs, The American Political Economy, 162-64. The heart of the matter is whether or not a political variable is correlated with an economic one. Exclusion of the political variable would then constitute specification error, which in turn produces bias and inconsistency in the economic estimates. I experimented with political variables to test robustness in estimates. Singling out 1977 as a dummy variable to capture the post-1976 panic affected neither the economic coefficients nor their standard errors. Including dummy variables for each of the five campaigns modestly reduced the size of the income and inflation coefficients.
-
The American Political Economy
, pp. 162-164
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Hibbs1
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33
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0040242640
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Error Correction
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The expression seems to originate with Ostrom and Smith ("Error Correction").
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Ostrom1
Smith2
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34
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The relationship between government popularity and approval for the government's record in the United Kingdom
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and the discussion below
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This article finesses the relationship between "approval" and "popularity. But see John Hudson, "The Relationship between Government Popularity and Approval for the Government's Record in the United Kingdom," British Journal of Political Science 16 (1985), 165-86, and the discussion below.
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(1985)
British Journal of Political Science
, vol.16
, pp. 165-186
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Hudson, J.1
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35
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84971181519
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Explaining presidential popularity
-
Partial adjustment setups once seemed the industry standard. For substantive arguments in their favour, see Samuel Kernell, "Explaining Presidential Popularity," American Political Science Review 72 (1978), 506-22. But Nathaniel Beck argues that Kernell's logic is in fact better captured by the error-correction model and that the setup in equation (3), a Koyck lag, is best thought of as a proxy for an exponentially distributed lag process ("Comparing Dynamic Specifications: The Case of Presidential Approval," in James A. Stimson, ed., Political Analysis Vol. 1: 1991 [Ann Arbor: University of Michigan Press, 1992], 64-67). Hibbs (The American Political Economy) specifically links his Koyck setup (chap. 5) to the language of distributed lags.
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(1978)
American Political Science Review
, vol.72
, pp. 506-522
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Kernell, S.1
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36
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84971181519
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Comparing dynamic specifications: The case of presidential approval
-
Ann Arbor: University of Michigan Press
-
Partial adjustment setups once seemed the industry standard. For substantive arguments in their favour, see Samuel Kernell, "Explaining Presidential Popularity," American Political Science Review 72 (1978), 506-22. But Nathaniel Beck argues that Kernell's logic is in fact better captured by the error-correction model and that the setup in equation (3), a Koyck lag, is best thought of as a proxy for an exponentially distributed lag process ("Comparing Dynamic Specifications: The Case of Presidential Approval," in James A. Stimson, ed., Political Analysis Vol. 1: 1991 [Ann Arbor: University of Michigan Press, 1992], 64-67). Hibbs (The American Political Economy) specifically links his Koyck setup (chap. 5) to the language of distributed lags.
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(1992)
Political Analysis Vol. 1: 1991
, vol.1
, pp. 64-67
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Stimson, J.A.1
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37
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specifically links his Koyck setup (chap. 5) to the language of distributed lags
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Partial adjustment setups once seemed the industry standard. For substantive arguments in their favour, see Samuel Kernell, "Explaining Presidential Popularity," American Political Science Review 72 (1978), 506-22. But Nathaniel Beck argues that Kernell's logic is in fact better captured by the error-correction model and that the setup in equation (3), a Koyck lag, is best thought of as a proxy for an exponentially distributed lag process ("Comparing Dynamic Specifications: The Case of Presidential Approval," in James A. Stimson, ed., Political Analysis Vol. 1: 1991 [Ann Arbor: University of Michigan Press, 1992], 64-67). Hibbs (The American Political Economy) specifically links his Koyck setup (chap. 5) to the language of distributed lags.
-
The American Political Economy
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Hibbs1
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38
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85086291963
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note
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2 will be much higher for estimations based on (3) than for ones based on (2).
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39
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0040837095
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note
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t-k-1, yielding a time path of marginally diminishing effect.
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40
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0004280127
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Cambridge: Cambridge University Press, chap. 4
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Estimation starts in 1977 rather than 1974 to accommodate availability of the seasonally adjusted unemployment series in Cansim. I was unable to link this series to earlier hard-copy versions of the series. For reasons described below, this also helps with graphics. Estimation assumes first-order autoregressive errors and captures them by a Hildreth-Liu grid search. For each change of party in government (1979, 1980, 1984), post-election observations are purged to suspend impact of economic forces in place under the previous government; the data are then Kalman-filtered. In the error-correction framework of Table 1, three observations are purged; the partial adjustment setup requires only one deletion per change of government. Estimation is by SHAZAM. I considered estimating a cointegrated system but decided that straightforward estimation of single-equation models was both sufficient to the task and more consistent with the logic of government popularity. First of all, co-integrated systems link variables that are random walks, and the dependent variable is not one, nor should we expect it to be. Random walks presuppose that earlier information remains fully relevant to later transactions, as in efficient markets; for such an argument see Steven M. Sheffrin, Rational Expectations (Cambridge: Cambridge University Press, 1983), chap. 4. do expect government popularity to have a memory (precisely this is embodied in the coefficients involving δ) but not an infinitely long one; for an argument along these lines, see Nathaniel Beck, "The Methodology of Coin
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(1983)
Rational Expectations
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Sheffrin, S.M.1
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41
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0040837096
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Estimation starts in 1977 rather than 1974 to accommodate availability of the seasonally adjusted unemployment series in Cansim. I was unable to link this series to earlier hard-copy versions of the series. For reasons described below, this also helps with graphics. Estimation assumes first-order autoregressive errors and captures them by a Hildreth-Liu grid search. For each change of party in government (1979, 1980, 1984), post-election observations are purged to suspend impact of economic forces in place under the previous government; the data are then Kalman-filtered. In the error-correction framework of Table 1, three observations are purged; the partial adjustment setup requires only one deletion per change of government. Estimation is by SHAZAM. I considered estimating a cointegrated system but decided that straightforward estimation of single-equation models was both sufficient to the task and more consistent with the logic of government popularity. First of all, co-integrated systems link variables that are random walks, and the dependent variable is not one, nor should we expect it to be. Random walks presuppose that earlier information remains fully relevant to later transactions, as in efficient markets; for such an argument see Steven M. Sheffrin, Rational Expectations (Cambridge: Cambridge University Press, 1983), chap. 4. do expect government popularity to have a memory (precisely this is embodied in the coefficients involving δ) but not an infinitely long one; for an argument along these lines, see Nathaniel Beck, "The Methodology of Coin
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The Methodology of Coin
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Beck, N.1
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42
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0040242638
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note
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In the partial-adjustment setup, the real income coefficient has less than a 2 per cent chance of being the product of random covariation; the chance for the inflation coefficient is 3 per cent. In the error correcting setup, the chances are, respectively, 7 per cent and just under 10 per cent. All tests are two-tailed.
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43
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note
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I also performed estimations for 1977-1984 and 1984-1993 subperiods. The pattern in (1) comes through most clearly for the second period, while unemployment dominates the first period. Both patterns point to an emphasis on aggregate demand as the key to government popularity.
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44
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note
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t as only these were statistically significant and as doing so allows us to extend 24-month lag terms back before 1977. This exercise is akin to taking an indefinite integral and so lacks a constant, but adding the difference between the predicted and observed 1976-1993 means to the predicted series brings predicted values into the domain of observed ones.
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45
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It thus partly reaffirms claims by Clarke and Kornberg ("Support") and in Harold D. Clarke, Jane Jenson, Lawrence LeDuc and Jon H. Pammett, Absent Mandate: Canadian Politics in an Era of Restructuring (3rd ed.; Toronto: Gage, 1995).
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Support
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Clarke1
Kornberg2
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47
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0003837847
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Stanford: Stanford University Press
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The most extensive documentation is Richard A. Brody, Assessing the President: The Media, Elite Opinion, and Public Support (Stanford: Stanford University Press, 1991). James A. Stimson argues for a full cycle, although weaker in recovery than in drop ("Public Support for American Presidents: A Cyclical Model," Public Opinion Quarterly 40 [1976], 1-21). Brody finds no such pattern. The classic evidence on mid-term losses is Edward R. Tufte, "Determinants of the Outcomes of Midterm Congressional Elections," American Political Science Review 69 (1975), 812-26.
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(1991)
Assessing the President: The Media, Elite Opinion, and Public Support
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-
Brody, R.A.1
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48
-
-
70450138563
-
Public support for American presidents: A cyclical model
-
The most extensive documentation is Richard A. Brody, Assessing the President: The Media, Elite Opinion, and Public Support (Stanford: Stanford University Press, 1991). James A. Stimson argues for a full cycle, although weaker in recovery than in drop ("Public Support for American Presidents: A Cyclical Model," Public Opinion Quarterly 40 [1976], 1-21). Brody finds no such pattern. The classic evidence on mid-term losses is Edward R. Tufte, "Determinants of the Outcomes of Midterm Congressional Elections," American Political Science Review 69 (1975), 812-26.
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(1976)
Public Opinion Quarterly
, vol.40
, pp. 1-21
-
-
-
49
-
-
84971725020
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Determinants of the outcomes of midterm congressional elections
-
The most extensive documentation is Richard A. Brody, Assessing the President: The Media, Elite Opinion, and Public Support (Stanford: Stanford University Press, 1991). James A. Stimson argues for a full cycle, although weaker in recovery than in drop ("Public Support for American Presidents: A Cyclical Model," Public Opinion Quarterly 40 [1976], 1-21). Brody finds no such pattern. The classic evidence on mid-term losses is Edward R. Tufte, "Determinants of the Outcomes of Midterm Congressional Elections," American Political Science Review 69 (1975), 812-26.
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(1975)
American Political Science Review
, vol.69
, pp. 812-826
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-
Tufte, E.R.1
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50
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84979403966
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Political economy
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A striking early claim for a UK cycle in popularity was by C. A. E. Goodhart and R. J. Bhansali, "Political Economy," Political Studies 18 (1970), 43-106. Further claims can be found in W. L. Miller and M. Mackie, "The Electoral Cycle and the Asymmetry of Government and Opposition Popularity: An Alternative Model of the Relationships between Economic Conditions and Political Popularity," Political Studies 21 (1973), 263-79, and in C. Pissarides, "British Government Popularity and Economic Performance," Economic Journal 90 (1980), 569-81. For a counter-claim see Hudson, "The Relationship." On by-elections, see Miller and Mackie, "The Electoral Cycle." The only relevant Canadian evidence is provided by Barry J. Kay who finds that governments typically lose ground in by-elections but do not recover it at the next election ("By-Elections as Indicators of Canadian Voting," this JOURNAL 14 [1981], 37-52). By-elections, thus, have been reasonable precursors of the next outcome rather than manifestations of an endogenous cycle. It may be telling, though, that Kay's analysis ends in 1979.
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(1970)
Political Studies
, vol.18
, pp. 43-106
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-
Goodhart, C.A.E.1
Bhansali, R.J.2
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51
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84979335728
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The electoral cycle and the asymmetry of government and opposition popularity: An alternative model of the relationships between economic conditions and political popularity
-
A striking early claim for a UK cycle in popularity was by C. A. E. Goodhart and R. J. Bhansali, "Political Economy," Political Studies 18 (1970), 43-106. Further claims can be found in W. L. Miller and M. Mackie, "The Electoral Cycle and the Asymmetry of Government and Opposition Popularity: An Alternative Model of the Relationships between Economic Conditions and Political Popularity," Political Studies 21 (1973), 263-79, and in C. Pissarides, "British Government Popularity and Economic Performance," Economic Journal 90 (1980), 569-81. For a counter-claim see Hudson, "The Relationship." On by-elections, see Miller and Mackie, "The Electoral Cycle." The only relevant Canadian evidence is provided by Barry J. Kay who finds that governments typically lose ground in by-elections but do not recover it at the next election ("By-Elections as Indicators of Canadian Voting," this JOURNAL 14 [1981], 37-52). By-elections, thus, have been reasonable precursors of the next outcome rather than manifestations of an endogenous cycle. It may be telling, though, that Kay's analysis ends in 1979.
-
(1973)
Political Studies
, vol.21
, pp. 263-279
-
-
Miller, W.L.1
Mackie, M.2
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52
-
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84925926216
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British government popularity and economic performance
-
A striking early claim for a UK cycle in popularity was by C. A. E. Goodhart and R. J. Bhansali, "Political Economy," Political Studies 18 (1970), 43-106. Further claims can be found in W. L. Miller and M. Mackie, "The Electoral Cycle and the Asymmetry of Government and Opposition Popularity: An Alternative Model of the Relationships between Economic Conditions and Political Popularity," Political Studies 21 (1973), 263-79, and in C. Pissarides, "British Government Popularity and Economic Performance," Economic Journal 90 (1980), 569-81. For a counter-claim see Hudson, "The Relationship." On by-elections, see Miller and Mackie, "The Electoral Cycle." The only relevant Canadian evidence is provided by Barry J. Kay who finds that governments typically lose ground in by-elections but do not recover it at the next election ("By-Elections as Indicators of Canadian Voting," this JOURNAL 14 [1981], 37-52). By-elections, thus, have been reasonable precursors of the next outcome rather than manifestations of an endogenous cycle. It may be telling, though, that Kay's analysis ends in 1979.
-
(1980)
Economic Journal
, vol.90
, pp. 569-581
-
-
Pissarides, C.1
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53
-
-
84979403966
-
-
A striking early claim for a UK cycle in popularity was by C. A. E. Goodhart and R. J. Bhansali, "Political Economy," Political Studies 18 (1970), 43-106. Further claims can be found in W. L. Miller and M. Mackie, "The Electoral Cycle and the Asymmetry of Government and Opposition Popularity: An Alternative Model of the Relationships between Economic Conditions and Political Popularity," Political Studies 21 (1973), 263-79, and in C. Pissarides, "British Government Popularity and Economic Performance," Economic Journal 90 (1980), 569-81. For a counter-claim see Hudson, "The Relationship." On by-elections, see Miller and Mackie, "The Electoral Cycle." The only relevant Canadian evidence is provided by Barry J. Kay who finds that governments typically lose ground in by-elections but do not recover it at the next election ("By-Elections as Indicators of Canadian Voting," this JOURNAL 14 [1981], 37-52). By-elections, thus, have been reasonable precursors of the next outcome rather than manifestations of an endogenous cycle. It may be telling, though, that Kay's analysis ends in 1979.
-
The Relationship
-
-
Hudson1
-
54
-
-
84979403966
-
-
A striking early claim for a UK cycle in popularity was by C. A. E. Goodhart and R. J. Bhansali, "Political Economy," Political Studies 18 (1970), 43-106. Further claims can be found in W. L. Miller and M. Mackie, "The Electoral Cycle and the Asymmetry of Government and Opposition Popularity: An Alternative Model of the Relationships between Economic Conditions and Political Popularity," Political Studies 21 (1973), 263-79, and in C. Pissarides, "British Government Popularity and Economic Performance," Economic Journal 90 (1980), 569-81. For a counter-claim see Hudson, "The Relationship." On by-elections, see Miller and Mackie, "The Electoral Cycle." The only relevant Canadian evidence is provided by Barry J. Kay who finds that governments typically lose ground in by-elections but do not recover it at the next election ("By-Elections as Indicators of Canadian Voting," this JOURNAL 14 [1981], 37-52). By-elections, thus, have been reasonable precursors of the next outcome rather than manifestations of an endogenous cycle. It may be telling, though, that Kay's analysis ends in 1979.
-
The Electoral Cycle
-
-
Miller1
Mackie2
-
55
-
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84979403966
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this JOURNAL By-elections, thus, have been reasonable precursors of the next outcome rather than manifestations of an endogenous cycle. It may be telling, though, that Kay's analysis ends in 1979
-
A striking early claim for a UK cycle in popularity was by C. A. E. Goodhart and R. J. Bhansali, "Political Economy," Political Studies 18 (1970), 43-106. Further claims can be found in W. L. Miller and M. Mackie, "The Electoral Cycle and the Asymmetry of Government and Opposition Popularity: An Alternative Model of the Relationships between Economic Conditions and Political Popularity," Political Studies 21 (1973), 263-79, and in C. Pissarides, "British Government Popularity and Economic Performance," Economic Journal 90 (1980), 569-81. For a counter-claim see Hudson, "The Relationship." On by-elections, see Miller and Mackie, "The Electoral Cycle." The only relevant Canadian evidence is provided by Barry J. Kay who finds that governments typically lose ground in by-elections but do not recover it at the next election ("By-Elections as Indicators of Canadian Voting," this JOURNAL 14 [1981], 37-52). By-elections, thus, have been reasonable precursors of the next outcome rather than manifestations of an endogenous cycle. It may be telling, though, that Kay's analysis ends in 1979.
-
(1981)
By-Elections as Indicators of Canadian Voting
, vol.14
, pp. 37-52
-
-
-
56
-
-
0039650784
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-
This was explicitly the argument in Stimson, "Political Support," and seems implied in Miller and Mackie, "The Electoral Cycle."
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Political Support
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-
Stimson1
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57
-
-
0040242616
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-
This was explicitly the argument in Stimson, "Political Support," and seems implied in Miller and Mackie, "The Electoral Cycle."
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The Electoral Cycle
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-
Miller1
Mackie2
-
58
-
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0004196406
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-
New York: Wiley, chap. 9. Mueller's setup purports to represent linear growth in a "coalition of minorities"
-
John E. Mueller, War, Presidents, and Public Opinion (New York: Wiley, 1973), chap. 9. Mueller's setup purports to represent linear growth in a "coalition of minorities."
-
(1973)
War, Presidents, and Public Opinion
-
-
Mueller, J.E.1
-
60
-
-
84975976952
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-
The language in the body of the text hints that approval and popularity are not the same thing, a point central to the analysis by Hudson ("The Relationship"). The process may be like "negative voting," as in Samuel Kernell, "Presidential Popularity and Negative Voting: An Alternative Explanation of the Midterm Congressional Decline of the President's Party," American Political Science Review 71 (1977), 44-66.
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The Relationship
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-
Hudson1
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61
-
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84975976952
-
Presidential popularity and negative voting: An alternative explanation of the midterm congressional decline of the president's party
-
The language in the body of the text hints that approval and popularity are not the same thing, a point central to the analysis by Hudson ("The Relationship"). The process may be like "negative voting," as in Samuel Kernell, "Presidential Popularity and Negative Voting: An Alternative Explanation of the Midterm Congressional Decline of the President's Party," American Political Science Review 71 (1977), 44-66.
-
American Political Science Review
, vol.71
, Issue.1977
, pp. 44-66
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-
Kernell, S.1
-
62
-
-
0040242614
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Canada
-
Byron E. Shafer, ed., Madison: University of Wisconsin Press
-
For the mid-1950s, see the discussion in Richard Johnston, "Canada," in Byron E. Shafer, ed., Postwar Politics in the G-7: Orders and Eras in Comparative Perspective (Madison: University of Wisconsin Press, 1996), 62-63.
-
(1996)
Postwar Politics in the G-7: Orders and Eras in Comparative Perspective
, pp. 62-63
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-
Johnston, R.1
|