Abstract
In this paper, the effects of changes in economic conditions on the popularity of political parties in Austria are investigated. According to the traditional theory of the popularity function, economic variables such as the rate of unemployment, the rate of inflation, and the growth rate of real disposable income exert direct influence upon voters' evaluations of political parties. Estimations of such popularity functions for Austria show that some effects of this kind can be found, but they seem to be unstable over time. On the other hand, models of political popularity based on the assumption of voters' rational expectations predict that only unexpected changes in economic conditions affect political popularity. One of these models seems to have favorable predictive properties for Austria.
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