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The nature of economic perceptions in mass publics
Authors:Michael S. Lewis-Beck  Nicholas F. Martini  D. Roderick Kiewiet
Affiliation:1. Department of Political Science, University of Iowa, Iowa City, IA 52242, USA;2. Department of Political Science, University of Iowa, 341 Schaeffer Hall, Iowa City, IA 52242, USA;3. Division of Humanities and Social Sciences, 228-77, California Institute of Technology, Pasadena, CA 91125, USA
Abstract:Voters who believe that the nation's economy has been worsening are more inclined to vote against the incumbent president than are those who believe it has not been getting worse. This relationship could be present because voters condition their support for the incumbents upon their perceptions of the economy, or, alternatively, because they condition their perceptions of the economy upon their underlying, partisan-based support of the incumbents.
Keywords:Economics and elections   Kramer problem   Economic voting   Endogeneity and the economy
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