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Economic Growth and Political Approval Ratings: Evidence from Latin America
Indexado
WoS WOS:000790106300001
Scopus SCOPUS_ID:85129321933
DOI 10.1007/S11109-022-09798-Y
Año 2022
Tipo artículo de investigación

Citas Totales

Autores Afiliación Chile

Instituciones Chile

% Participación
Internacional

Autores
Afiliación Extranjera

Instituciones
Extranjeras


Abstract



Using a panel of 17 Latin American countries for the period 2002-18, we study the impact of economic variables on government approval. Our empirical analysis shows that the one economic variable that appears consistently in all estimates is economic growth. More specifically, we show that for each point of additional growth, the approval rating increases between 1.1 and 1.9 percentage points. Other variables, such as inflation, government spending, and the composition of spending, are significant in only some of the specifications used, while growth is remarkably robust in all of them. Among non-economic variables, the lack of solid institutions also appears consistently as significant as well as the lagged value of government approval ratings. These results suggest that a program focused on growth has a positive influence on the popularity of the government. This conclusion is particularly relevant in a region where populism has been remarkably persistent over time and where the norm has been to run large budget deficits to gain popular support, with consequences on inflation and the external accounts.

Revista



Revista ISSN
Political Behavior 0190-9320

Métricas Externas



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Disciplinas de Investigación



WOS
Political Science
Scopus
Sin Disciplinas
SciELO
Sin Disciplinas

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Publicaciones WoS (Ediciones: ISSHP, ISTP, AHCI, SSCI, SCI), Scopus, SciELO Chile.

Colaboración Institucional



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Autores - Afiliación



Ord. Autor Género Institución - País
1 CERDA-NORAMBUENA, RODRIGO ANDRES Hombre Pontificia Universidad Católica de Chile - Chile
2 VERGARA-FISCHER, RODRIGO Hombre Ctr Publ Studies - Chile
Harvard University - Estados Unidos
International Center of Clinical Studies - Chile
John F. Kennedy School of Government - Estados Unidos

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Financiamiento



Fuente
Natalia Gallardo

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Agradecimientos



Agradecimiento
We thank Carlos Madeira, Catalina Morales, Estéfano Rubio, and two anonymous referees for their valuable comments and suggestions; Roberto Cases for very able research assistance; and Natalia Gallardo, who worked with us on an earlier version of this paper. Data and software code necessary to reproduce the numerical results are available in https://doi.org/10.7910/DVN/DIIYV3.

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