Issue Ownership of the Economy: Cross-Time Effects on Vote Choice

Abstract

Issue ownership has become a useful concept for explaining party and voter behaviour in electoral democracies. This article argues that issue ownership can also provide us with a better understanding of the economic issue’s impact on the vote because perceptions of party competence at managing the economy can counterbalance the influence of retrospective economic evaluations, by encouraging voters to put economic performance (good or bad) into perspective. These general expectations are tested with the use of individual-level survey data from five Canadian Election Studies conducted between 1984 and 2011. That relatively long period of time allows estimation of the impact on incumbent vote choice of competence perceptions and economic assessments during both good and bad economic times. Consequently, the article shows that issue ownership of the economy matters to vote choice, that its influence has been consistent across elections, and that it outweighs the impact of retrospective economic judgements.