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This paper documents the existence of Political Forecast Cycles. In a theoretical model of political selection, we show that governments release overly optimistic GDP growth forecasts ahead of elections to increase the reelection probability. The bias arises from lack of commitment if voters are...
Persistent link: https://www.econbiz.de/10012514965
This paper documents the existence of electoral cycles in GDP growth forecasts released by governments. In a theoretical model of political selection, we show that governments release overly optimistic GDP growth forecasts ahead of elections to increase the reelection probability. The bias...
Persistent link: https://www.econbiz.de/10013336207
We develop a simple structural forecasting model of govenment support in Swedish parliamentary elections, building on unemployment and inflation figures. The model predicts that the incumbent government will receive 49.7 percent of the vote in the september 2014 elections. In contrast, a simple...
Persistent link: https://www.econbiz.de/10014144802
basis of the state of the economy; public opinion polls; and election betting (prediction markets). We assess the efficacy … of each in light of the 2004 Australian election. This election is particularly interesting both because of innovations …. While the evidence for economic voting has historically been weak for Australia, the 2004 election suggests an increasingly …
Persistent link: https://www.econbiz.de/10003334619
Two commonly-used criteria for evaluating voting rules are how infrequently the rules provide opportunities for strategic voting and how infrequently they encounter voting paradoxes. The lack of ranking data from enough actual elections to determine these frequencies with reasonable accuracy...
Persistent link: https://www.econbiz.de/10013114263
of 2016 Presidential candidates using regressions that compare the general election contest and party nomination win … probability that Republicans will nominate a candidate who has little chance in the general election …
Persistent link: https://www.econbiz.de/10012992663
basis of the state of the economy; public opinion polls; and election betting (prediction markets). We assess the efficacy … of each in light of the 2004 Australian election. This election is particularly interesting both because of innovations …. While the evidence for economic voting has historically been weak for Australia, the 2004 election suggests an increasingly …
Persistent link: https://www.econbiz.de/10012757149
) estimates of the party vote shares at the upcoming Bundestag election. In contrast to the predominant academic approach to … heat polls. Opposite to common practice in the news media, we do not take isolated polls as election forecasts in their own … right. Instead, we use historical data to empirically assess the relationship between polls and election outcomes, and …
Persistent link: https://www.econbiz.de/10013077415
election. To ensure that raters did not recognize the candidates, we relied heavily on young subjects from Australia and New …
Persistent link: https://www.econbiz.de/10014195624
asked them to predict the election outcomes. The participants' predictions explain more than 20 percent of the variation in …
Persistent link: https://www.econbiz.de/10014026534