Governance Indicators: Some Proposals
In: Governance Challenges and Innovations, S. 188-220
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In: Governance Challenges and Innovations, S. 188-220
In: Political analysis: PA ; the official journal of the Society for Political Methodology and the Political Methodology Section of the American Political Science Association, Band 23, Heft 2, S. 242-253
ISSN: 1476-4989
Electoral competitiveness is a key explanatory construct across a broad swath of phenomena, finding application in diverse areas related to political incentives and behavior. Despite its frequent theoretical use, no valid measure of electoral competitiveness exists that applies across different electoral and party systems. We argue that one particular type of electoral competitiveness'electoral risk'can be estimated across institutional contexts and matters most for incumbent behavior. We propose, estimate, and make available a cross-nationally applicable measure for elections in 22 developed democracies between 1960 and 2011. Unlike extant alternatives, our measure captures vote volatility and is constructed at the party (not system) level, exogenous to most policy predictors, and congruent with the perceptions and incentives of policy-makers.
In: Research & politics: R&P, Band 2, Heft 3, S. 205316801558962
ISSN: 2053-1680
Economic performance is a key component of most election forecasts. When fitting models, however, most forecasters unwittingly assume that the actual state of the economy, a state best estimated by the multiple periodic revisions to official macroeconomic statistics, drives voter behavior. The difference in macroeconomic estimates between revised and original data vintages can be substantial, commonly over 100% (two-fold) for economic growth estimates, making the choice of which data release to use important for the predictive validity of a model. We systematically compare the predictions of four forecasting models for numerous US presidential elections using real-time and vintage data. We find that newer data are not better data for election forecasting: forecasting error increases with data revisions. This result suggests that voter perceptions of economic growth are influenced more by media reports about the economy, which are based on initial economic estimates, than by the actual state of the economy.