Economic policy uncertainty and presidential approval: Evidence from Latin America
| Autor: | Erwin Hansen, Myriam Gómez-Méndez |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2021 |
| Předmět: |
Latin Americans
Economic policy Economics Science media_common.quotation_subject Political Science Macroeconomics Social Sciences Sample (statistics) Colombia Geographical locations Competence (law) Politics Governments Voting 0502 economics and business 050602 political science & public administration Humans 050207 economics Economic stability Mexico media_common Chile (Country) Multidisciplinary Presidential system Economic uncertainty Inflation Rates 05 social sciences South America Economic Analysis 0506 political science Latin America Models Economic Economic Impact Analysis North America Medicine People and places Brazil Research Article |
| Zdroj: | PLoS ONE PLoS ONE, Vol 16, Iss 3, p e0248432 (2021) |
| ISSN: | 1932-6203 |
| Popis: | This paper analyzes the extent to which economic policy uncertainty affects presidential approval in four Latin American countries (Brazil, Chile, Colombia, and Mexico). Using panel (time-series cross-sectional) estimation methods, we show that economic policy uncertainty has a negative impact on presidential approval in our sample. A one-standard-deviation increase in the level of economic uncertainty reduces presidential approval by approximately 12 percent. Our results are consistent with the political economy model of Alesina et al. (1993), which shows that voters are less likely to re-elect the incumbent when faced with uncertainty about economic policy. Incumbent competence signalling can exarcerbate this effect. |
| Databáze: | OpenAIRE |
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