Too close to call: Growth and the cost of ruling in US presidential elections, with an application to the 2012 election

Publikation: Working paper › Forskning

Standard

Too close to call : Growth and the cost of ruling in US presidential elections, with an application to the 2012 election. / Kurrild-Klitgaard, Peter.

Copenhagen, 2012.

Publikation: Working paper › Forskning

Harvard

Kurrild-Klitgaard, P 2012 'Too close to call: Growth and the cost of ruling in US presidential elections, with an application to the 2012 election' Copenhagen. <https://ideas.repec.org/p/pra/mprapa/42464.html>

APA

Kurrild-Klitgaard, P. (2012). Too close to call: Growth and the cost of ruling in US presidential elections, with an application to the 2012 election. https://ideas.repec.org/p/pra/mprapa/42464.html

Vancouver

Kurrild-Klitgaard P. Too close to call: Growth and the cost of ruling in US presidential elections, with an application to the 2012 election. Copenhagen. 2012 nov. 1.

Author

Kurrild-Klitgaard, Peter. / Too close to call : Growth and the cost of ruling in US presidential elections, with an application to the 2012 election. Copenhagen, 2012.

Bibtex

@techreport{370a32d67e1b47f39e23249725dbcda8,
title = "Too close to call: Growth and the cost of ruling in US presidential elections, with an application to the 2012 election",
abstract = "The note briefly outlines a new model for the explanation of US presidential elections, founded on (a) recent economic growth and (b) a measure of what may be called “{\textquoteright}the cost of ruling”. The former is based in changes in real disposable income for the period following a mid-term election, while the latter combines factors of incumbency and terms-in-office. The model is applied to data from the US presidential elections 1932-2008 and has considerable explanatory power for the variation in the incumbent party{\textquoteright}s candidate{\textquoteright}s share of the two-party vote (R2=0.74). The model is controlled against a number of other frequent explanations and is found to be quite robust. When augmented with approval ratings for incumbent presidents, the explanatory power increases to 83 pct. and only incorrectly calls one of the last 15 US presidential elections. Applied to the 2012 election as a forecasting model the prediction is that President Obama will win 49,6 pct. of the two-party vote.",
author = "Peter Kurrild-Klitgaard",
year = "2012",
month = nov,
day = "1",
language = "English",
type = "WorkingPaper",

}

RIS

TY - UNPB

T1 - Too close to call

T2 - Growth and the cost of ruling in US presidential elections, with an application to the 2012 election

AU - Kurrild-Klitgaard, Peter

PY - 2012/11/1

Y1 - 2012/11/1

N2 - The note briefly outlines a new model for the explanation of US presidential elections, founded on (a) recent economic growth and (b) a measure of what may be called “’the cost of ruling”. The former is based in changes in real disposable income for the period following a mid-term election, while the latter combines factors of incumbency and terms-in-office. The model is applied to data from the US presidential elections 1932-2008 and has considerable explanatory power for the variation in the incumbent party’s candidate’s share of the two-party vote (R2=0.74). The model is controlled against a number of other frequent explanations and is found to be quite robust. When augmented with approval ratings for incumbent presidents, the explanatory power increases to 83 pct. and only incorrectly calls one of the last 15 US presidential elections. Applied to the 2012 election as a forecasting model the prediction is that President Obama will win 49,6 pct. of the two-party vote.

AB - The note briefly outlines a new model for the explanation of US presidential elections, founded on (a) recent economic growth and (b) a measure of what may be called “’the cost of ruling”. The former is based in changes in real disposable income for the period following a mid-term election, while the latter combines factors of incumbency and terms-in-office. The model is applied to data from the US presidential elections 1932-2008 and has considerable explanatory power for the variation in the incumbent party’s candidate’s share of the two-party vote (R2=0.74). The model is controlled against a number of other frequent explanations and is found to be quite robust. When augmented with approval ratings for incumbent presidents, the explanatory power increases to 83 pct. and only incorrectly calls one of the last 15 US presidential elections. Applied to the 2012 election as a forecasting model the prediction is that President Obama will win 49,6 pct. of the two-party vote.

M3 - Working paper

BT - Too close to call

CY - Copenhagen

ER -

ID: 41811719