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Erscheinungsjahr: 
2019
Schriftenreihe/Nr.: 
BERG Working Paper Series No. 149
Verlag: 
Bamberg University, Bamberg Economic Research Group (BERG), Bamberg
Zusammenfassung: 
This paper investigates the macroeconomic and social determinants of voting behavior, and especially of political polarization, for 20 advanced countries using annual data ranging from 1970 to 2016 and covering 291 parliamentary elections. Using a panel estimation approach and rolling regressions we find empirical evidence supporting that a) traditionally established mainstream parties (center-left, center, and center-right) are penalized for poor economic performance; b) far-left (populist and radical parties) parties benefit from increasing unemployment rates; c) greater income inequality has increased the electoral support for far-right parties, particularly in recent times. Further, we do not find empirical support for the notion that social and economic globalization has led to an increase of popularity of far-right parties. These results have wide reaching implications for the current political situation in the Western world.
Schlagwörter: 
Income Inequality
Political Polarization
Globalization
Economic Voting Behavior
JEL: 
E12
E24
E32
E44
ISBN: 
978-3-943153-70-5
Dokumentart: 
Working Paper

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