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Presidents, Parties, and the Business Cycle, 1949‐2009
Author(s) -
COMISKEY MICHAEL,
MARSH LAWRENCE C.
Publication year - 2012
Publication title -
presidential studies quarterly
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.337
H-Index - 5
eISSN - 1741-5705
pISSN - 0360-4918
DOI - 10.1111/j.1741-5705.2012.03940.x
Subject(s) - unemployment , democracy , gross domestic product , business cycle , politics , inequality , political science , economics , development economics , political economy , economic growth , law , keynesian economics , mathematical analysis , mathematics
Scattered works by political scientists since the 1970s have reported that Democratic presidents have compiled stronger economic records than their Republican counterparts: economic growth has been higher, unemployment lower, and inequality has fallen during Democratic administrations while the opposite outcomes have occurred under Republican presidents. Recently, however, Campbell has vigorously challenged these findings. This article reexamines the data for 1949‐2009 using new methods and measures, and confirms the earlier findings for unemployment and real gross domestic product (GDP).