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 … right is found to be sensitive to luck, whereas that of incumbent parties of the left is not. This is consistent with the … Clientele Hypothesis given electorates which fail to perfectly distinguish luck from competence. Economic competence plays a …