Abstract
AbstractThis paper introduces the peak‐end rule to economic voting, finding that voters focus on peak and end economic growth when evaluating incumbents. Cross‐national data from 595 elections in 70 countries (1960–2020) shows that the average of the highest GDP growth rate during the term and the growth rate in the election year positively impacts incumbent vote share, with peak growth having a stronger effect. Instrumental variable analysis addresses endogeneity. Heterogeneity analysis reveals that less‐educated voters rely more on the peak‐end rule. The findings contribute to understanding voters' behavioral patterns and improving democratic accountability.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
