Maloney, John; Pickering, Andrew - School of Economics, Finance and Management, University … - 2008
This paper investigates the impact of luck, defined as global economic growth, and competence, defined as the … Clientele Hypothesis given electorates which fail to perfectly distinguish luck from competence. Economic competence plays a … strong role in determining the vote, especially in high-income democracies. The electoral reward to competence is essentially …