ECONOMICS MATTERS scores of studies of t $ e economic effect of politics in the developed democracies of the United States and Europe leave no doubt that, as Lewis-Beck puts it,“economics matters”(1988, 22). The public in the developed democracies appears to hold incumbents responsible for macroeconomic performance. Thus, for instance, when income grows and/or inflation falls, the popularity of presidents and prime ministers, measured by public opinion surveys and electoral returns, goes up. A review of over 100 studies of Western democracies leads Lewis-Beck to conclude that “macroeconomic downturn is associated with a fall in government support”(1988, 29). Not only macroeconomic performance, but also the rate of government spending has political consequences in the developed democracies: a recent study by ONeal (I991) shows that political protests in the OECD countries vary directly with …
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Title
Economic Correlates of Political Instability in Latin America
Publication Details
Southeastern Political Review, Vol.21(2), pp.349-363