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ATTRIBUTION ERROR IN ECONOMIC VOTING: EVIDENCE FROM TRADE SHOCKS
Author(s) -
Hayes Rosa C.,
Imai Masami,
Shelton Cameron A.
Publication year - 2015
Publication title -
economic inquiry
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.823
H-Index - 72
eISSN - 1465-7295
pISSN - 0095-2583
DOI - 10.1111/ecin.12116
Subject(s) - economics , voting , attribution , recession , agency (philosophy) , sample (material) , macroeconomics , monetary economics , political science , politics , psychology , social psychology , philosophy , chemistry , law , epistemology , chromatography
This article 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 to 2009. We find that voters, on average, exhibit a strong tendency to oust the 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 that have been shown to mitigate other voter agency problems—do better in distinguishing imported from domestic growth . ( JEL E3, E6)