Exploring the neglected dimension of the economic vote: a global analysis of the positional economics thesis

Abstract

AbstractWhile much ink has been spilled as to how economics impacts election outcomes, existing scholarship has concentrated on the valence model, which focuses on assessments of incumbent administration’s handling of the economy. Recently, however, there has been an appreciation that economic voting is multidimensional. Nonetheless, the impact of positional economics – voters’ views of economic policy – on the vote remains less explored, especially from a cross-national perspective. In this contribution, we examine the impact of economic policy preferences regarding income redistribution and spending preferences on the vote in 32 states. Using the Comparative Study of Electoral Systems Module 4 data and hierarchical models, we show that voters’ economic policy preferences directly impact vote choice in many states. We also show that positional economic voting is more likely to take hold in mature democracies. However, support for the idea that ideological polarization contributes to macro-diversity concerning positional economic voting is mixed at best. Our research breaks new ground regarding positional economic voting and highlights how context impacts the extent of positional economic voting.