Week 7 Flashcards
Tufte main point
-Electoral-economic cycle: The Economy is better on years that there is an election Pre-election economy stimulation Changes in real disposable income have a political relevance Upswings in real disposable income per capita are highly correlated with greater electoral support for incumbents.
-Incumbents may seek to determine the location and timing of economic benefits in promoting the fortunes of their party and friends
Incumbents’ politicians desire re-election and they believe that a booming pre-election economy will help to achieve it.
Other factors not considered in Tufte
-Congress writes tax policy
Prior to the election
Congress/ president
Problems: divided control in congress
-Other political factors that will affect the state of the economy
Tariffs
State
global
Abramowitz
Independent (The things that are doing the predicting) and dependent (what you are predicting) variables
Independent: time incumbent has held office (8+ time for a change)
Dependent: The popular vote
Independent: Once a party is in control over 8 its likely for the party to change
Forecasting/predictive model of outcome (not necessarily
explanatory model)
Explanatory mode: You know the underlying dynamics (more valuable for political scientists)
Predictive: useful for the political world and to predict